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04/08/2011
Tokyo Shanghai (Reuters) China will continue to diversify its investments in foreign currencies and strengthen risk management and to mitigate the impact of the global financial market volatility on China, according to a statement posted on the website of the People's Bank of China, the central bank of the country.
China continues to diversify its investments in foreign currencies and strengthen risk management and to mitigate the impact of the global financial market volatility on China, according to a statement posted on the website of the People's Bank of China, the central bank of the country.
Zkrmhafez and the central bank, Zhou Xiaochuan, the statement, said that China welcomes the move, developed by the United States in dealing with the problem of debt and by raising the debt ceiling of the year.
He will pay more attention to the implementation of the lifting in various stages.
Zhou pledged to make efforts to maintain rapid economic growth and regular and the protection of China's economy and financial stability.
The statement said that the large fluctuations and uncertainty in the market for U.S. Treasury bonds will affect the stability of financial systems and international monetary, would hurt global economic recovery.
Zhu said that China hopes the United States is taking effective measures to address debt issues as appropriate.
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