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IMF Chief Economist Warns Changes by PBOC Foreign Reserves Composition Must Be slow

By   || July 9, 2010 at 07:28 GMT
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across the wires

China bought $7.9bn in short term JGBs in May signalling diversification away from euro and usd into jpy

Olivier Blanchard warned that diversification needs to be ‘very very slow’ to avoid volatility in markets….

and what do markets love….volatility…

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