From the Financial Times
Beijing on Sunday sought to repair fallout from reports it could use its $1,330bn foreign exchange holdings to put pressure on Washington and the dollar with a statement affirming the importance of the US dollar as a global reserve currency.
The official Xinhua news service quoted an anonymous official at the People’s Bank of China, the central bank, as saying that China was “a responsible investor in the international capital markets”. More
HT: Econbrowser, who has a couple thoughts on why we might not want to ignore
"Mr Xia, a well-known maverick, said in a recent speech China’s reserves could be used as a “bargaining chip” with the US."
