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China says dollar is still at heart of FX reserves

Published 12/04/2009, 02:50 AM
Updated 12/04/2009, 02:54 AM

BEIJING, Dec 4 (Reuters) - China said on Friday that the dollar will continue to anchor its $2.3 trillion in foreign exchange reserves even as it seeks to diversify its investments.

The State Administration of Foreign Exchange, in a publication explaining how it manages China's forex reserves, said the dollar's status as the main international reserve currency was secure in the near term. (Reporting by Zhou Xin, Langi Chiang, Aileen Wang and Simon Rabinovitch; Editing by Ken Wills) ((simon.rabinovitch@thomsonreuters.com; +86 139 0111 6692; Reuters Messaging: simon.rabinovitch.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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