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Message: China's stockpiles seen as new sovereign wealth strategy
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China's stockpiles seen as new sovereign wealth strategy

posted on May 20, 09 05:03PM



By Kevin Hamlin
Bloomberg News
Monday, May 18, 2009

"Every dollar spent on increasing these reserves of physical resources is obviously a dollar that cannot be spent on accumulating financial assets," Jackson said.

China's foreign reserves total almost $2 trillion.

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