Backgroun: China is diversifying its foreign reserves. Its bullish turn to European and Japanese bonds, at the expense of the U.S. is obvious. Full story >>
Watch VideoPlay Video
Now let's get back to professor Xiang Songzuo for more analysis.
Q1. Professor, what impact will the strong yen, as well as the depreciated US dollar, have on the Chinese economy?
Q2. China cut its holdings of US Treasury notes and bonds by the most ever in June, instead favoring debt in Europe, Japan and Korea. Will that trend continue?