China Slashes Dollar Share of Reserves

[ATCclears]

Markets Alert
from The Wall Street Journal

China has made a sharp shift away from purchases of U.S securities, slashing the dollar's share of the country's foreign reserves in what may signal a change in strategy for managing the massive cash pile, Dow Jones calculations indicate.

The portion of China's reserves parked in the U.S. appears to have sunk to a decade-low 54% as of end-June from 65% in 2010 and 74% in 2006, according to the Dow Jones calculations.

China's Share of Reserves in U.S. Dollar Dives - WSJ.com

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[HBIII]

Actions always speak louder than words, right?