Li Lianzhong, who heads the economic department of the Party’s policy research office, says China should buy more gold because the dollar is poised for a fall and the metal is needed to support the greater international role envisioned for the yuan.
Li Lianzhong feels China should also use more of its $1.95 trln in forex reserves to buy energy and natural resources. He also feels China would be better off buying land in the U.S. rather than US treasuries.
