The Chinese newspaper quoted Li Yang, a senior economist at the Chinese Academy of Social Sciences and a former member of the monetary policy committee under the central bank, as saying the plan to use foreign exchange reserves to build up strategic oil reserves is reasonable.
122
CHina To Use Forex Reserves To Buy Oil
China is seeking the ways to use some of its huge foreign exchange...
The Shanghai Securities News reported that China is seeking the ways to use some of its huge foreign exchange reserves to buy imported oil.
The plan was first proposed as early as 2000 and would help China make better use of its foreign exchange and ensure vital oil supplies.
The Chinese newspaper quoted Li Yang, a senior economist at the Chinese Academy of Social Sciences and a former member of the monetary policy committee under the central bank, as saying the plan to use foreign exchange reserves to build up strategic oil reserves is reasonable.
The Chinese newspaper quoted Li Yang, a senior economist at the Chinese Academy of Social Sciences and a former member of the monetary policy committee under the central bank, as saying the plan to use foreign exchange reserves to build up strategic oil reserves is reasonable.
Подпишитесь
