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The downsizing marks a structural adjustment of China's foreign exchange reserves, impacted by factors including the country's balance of external payments and the profits on U.S ... dollar as a global reserve currency remains unchanged ... China's gold reserves at the end ... Relatednews....
... a deputy governor of the PBOC, told a news conference on Thursday ... China’s central bank might include the buying and selling of treasury bonds in its policy tool reserve in future, Financial News — a publication backed by the PBOC — quoted experts as saying....
It also proves it's not so easy to displace the mighty US dollar as the world's top reserve and trading currency of choice. And that, in turn, is good news for the US ... The IMF data, published in late March, showed the US dollar accounted for nearly 60% of global foreign reserves....