Chinese official urges buying of gold, U.S. land

27/06/2009 § Leave a comment

 

Li Lianzhong, who is head of economics at the party’s policy research office, said the U.S. dollar is poised for a fall, making gold and land better investments for China’s $1.95 trillion in foreign exchange reserves, the report said.

It quoted Li as saying Beijing should also focus on buying up energy and natural resources.

Chinese official urges buying of gold, U.S. land – MarketWatch

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