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Feb 04, 2012 07:39AM GMT
     
 
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No big changes in China forex management -SAFE

By Reuters  |  Forex News  |  Dec 04, 2009 01:25AM GMT
 
 

BEIJING, Dec 4 (Reuters) - China has made no big adjustment to its foreign exchange reserves management, Wang Xiaoyi, deputy head of China's forex regulator, the State Administration of Foreign Exchange, said on Friday.

Wang said that a weakening in the value of the U.S. dollar would be a long-term process.

Chinese officials have repeatedly expressed concern over the value of the U.S. currency since most of China's foreign exchange reserves are parked in U.S. treasuries. (Reporting by Aileen Wang and Ben Blanchard; Editing by Jonathan Hopfner) ((ben.blanchard@thomsonreuters.com; +86 10 6627 1201; Reuters Messaging: ben.blanchard.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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