On China is still too early to rely

The global economy rules igry10-06-2009 China, Russia is still too early to rely completely specifically address Chinese bonds, and the yuan, as the new backup tool of the Russian Central Bank. But now "climb" in Chinese securities is extremely risky. Until then, until it liberalized the foreign exchange market of China, investments in the yuan will involve predictions on "what's on the minds of the Chinese Politburo," said Bigness.ru known economist Yevgeny Nadorshin. Russia needs new tools to hold their reserves. U.S. dollar and Treasury bonds - the traditional backup tools for the world - amid growing concerns the U.S. economy no longer seem reliable means of storage facilities. The Bank of Russia already has concrete plans to reduce the proportion of investments Russia's international reserves in U.S. Treasury bonds, which currently stands at 30%. And Russia is not completely opposed to new reserves has become the Chinese yuan. First Deputy Chairman of the CBR Alexei Ulyukayev said today that the Central Bank of Russia regards such prospects. "The more opportunities to diversify their portfolio, the better" - he said. See also: The Chinese currency: the oldest in the world, the strongest today