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BEIJING (MNI) - China on Thursday repudiated a media report that it is
considering slowing or suspending purchases of U.S. treasuries.
"The news may have been from an incorrect information source, or it may
have been fake news," the State Administration of Foreign Exchange, the central
bank's division in charge of managing foreign exchange reserves, said on its
Chinese officials reviewing the nation's FX holdings have recommended
slowing or halting purchases of U.S. Treasuries, Bloomberg News reported
China invests its FX reserves in U.S. treasuries in accordance with market
conditions and its investment needs, and its FX managers are responsible
investors, it said.
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