Will Chinese Act as Contagion Host to Spread Greek Crisis Across the Globe?
Source: http://feeds.benzinga.com/~r/benzinga/etfs/~3/oPpp7R9BlAo/will-chinese-act-as-contagion-host-to-spread-greek-crisis-acrPosted on Tuesday, June 28th, 2011 | In Current Market News, Exchange Traded Funds
Contributed by: Paul Quintaro (http://www.benzinga.com/etfs/feed.xml/etfs) -
It is no secret that China has massive foreign reserve holdings. Some economic and political commentators have expressed vague warnings regarding this fact frequently in recent years. Yet, there really has been no substantive economic reason to fear the quantity of China's reserves.
That is, until now.
Most of China's reserves are denominated in U.S. dollars.
About Paul Quintaro (http://www.benzinga.com/etfs/feed.xml/etfs)
Benzinga is an innovative news and analysis service that focuses on global markets. Benzinga prides itself on providing original, accurate and timely global financial content every day. The service features content from industry experts and experienced analysts while also covering the news of the day. We have three offices in total. One in Delaware, Michigan, and in Chicago, IL. |
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