Report Recommends China to Shed US Treasuries as Yuan Internationalization Grows

A study issued by Renmin University’s International Monetary Institute argues against maintaining ample overseas speech reserves, chiefly U.S. Treasuries, arsenic the yuan adoption and spot grow. The papers advises holding “moderately ample” levels of overseas reserves, with dollar bonds being their largest component. Report: China Should Reduce Forex Reserves As Yuan Matures China’s level of […]