China set to inject $60 billion in state banks

The People's Bank of China will inject $60 billion of its vast foreign exchange reserves into two state banks through its Central Huijin Investment arm.

The central bank will give $20 billion to China Development Bank (CDB), to aid its efforts to restructure as a commercial bank, according to China Daily, a government media outlet. The CDB is seen as one of the country's most healthy financial institutions, with non-performing loans of 0.68% for the first half of 2007.

According to local

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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