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Malaysia Looks to Invest in China

Posted by Zhuojun Li on 22. Jun 2009

SHANGHAI -- Malaysia's central bank could be poised to include yuan-denominated assets in its foreign-exchange reserves in what would be a symbolic step forward in Beijing's ambitions to promote the yuan as an alternative reserve currency.

The possibility arises as hand-wringing by governments around the world over the declining value of the U.S. dollar, which dominates reserve holdings, has sparked debate over other options for states to safely store their savings.




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