Beijing uses the reserves of the Central Bank of China to the economic expansion abroad. At present, China's international reserves are largest in the world and make up $ 2 , 132 trillion.
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Thus, the authorities intend to accelerate the implementation of a "strategy out "of China to international markets, the agency said citing UPI According to the Prime Minister of China Wen Jiabao. "Exit strategy" implies The Chinese government will do everything to facilitate foreign investment and acquisitions of state-owned companies like PetroChina, Chinalco, China Telecom and Bank of China. Approximate amount of foreign exchange reserves of China, which state-run companies will be allocated for investments abroad, not specified. Senior economist of the bank HSBC Holdings said Qiu Honbin that the decision is part of China's strategy to reduce dependence on the U.S. dollar. The volume of direct foreign investments of China last year reached $ 40, $ 7 billion for comparison: in 2002 it amounted to $ 143 million At present, Chinese institutional investors and companies in the area Real Estate is actively investing in the acquisition of foreign assets. In early July, China's sovereign fund China Investment Corp, the capitalization which is $ 200 billion, announced plans to invest $ 159, 3 million in buy 8% stake in Australian property trust Goodman Group. According to the director a major British real estate agency Savills Jeremy Helsby, within the next six months, Chinese investors will buy A number of foreign projects worth more than $ 200 million, or Four five deals pending. Which countries will be purchased these assets are not specified.
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