China Mustn’t Stop Buying U.S. Debt, Yi Says in Daily
China shouldn’t stop buying U.S. debt following Standard & Poor’s downgrading of the U.S. credit rating, Yi Xianrong, researcher with the Institute of Finance and Banking under the Chinese Academy of Social Sciences, wrote in a commentary in the China Daily.
China would have had lower rates of return on its foreign reserves if the country had invested in bonds issued by other countries or resources-based commodities, Yi wrote in the newspaper.
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