Correction to China Banking System Net Forex Purchase Story
BEIJING China's central bank and financial institutions bought a net CNY49.1 billion of foreign currency in June, compared with a net purchase of CNY23.4 billion in May, according to Dow Jones Newswires calculations based on central bank data issued Thursday.June was the second-straight month of net purchases, suggesting that capital continued to ... (more)
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#1 Jul 12, 2012
$49.1 billion is enough to buy all the foreign oil wells in West SCS. Vietnam, are you getting ready? no, I don't think so.:)
BTW, by the end of this month, there will be another $41.9 Billion ready to take on East SCS. Philippine can only watch.
Next USA/UK/EU, sell you interest in Malaysia, Singapore, indonesia, Australia. Yes, Australia included, before you have to sell some islands.:)
#2 Jul 12, 2012
an for Japan, because your private savings are tied up with national debts. you can only watch.
we will not release you until you sell out your businesses.:)
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