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Eastern Attraction: Australia to buy $2.1bn in Chinese bonds

24.04.2013 14:01

The Reserve Bank of Australia announced it will transfer 5% of its foreign currency reserves ($2.1 billion) into Chinese bonds, deepening ties with its Pacific neighbor and biggest trade partner, and reflecting a global shift to the yuan.

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Comments (5) Sort by: Highest rating Oldest first Newest first

 

earth music channel 04.12.2013 07:38

losers will compete who can first get chinese investments.

Anonymous user 24.04.2013 21:08

China will have to keep buying dollars to keep yuan down. China needs a strong dollar.

Anonymous user 24.04.2013 20:20

@20:03 If China had strong Yuan, the economy would be ruined, theyll buy more US T-bonds to offset

Anonymous user 24.04.2013 20:18

Not a bad idea... It will give the Aus $ a good exchange against the Yuan. Time to sell Aus $$

Anonymous user 24.04.2013 20:03

haha,US complaining China has weak Yuan,now US will complain why China Yuan strong)) lol..US bye bye

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