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8/16/10

Chinese Invest in Europe, Japan -- Less in U.S

China is voting its views on America's economy with its own pocketbook as the Chinese are starting to invest more in Europe and Japan and less in the U.S. 

Yu Yongding, former advisor to the People's Bank of China, told Bloomberg News that his country has been buying "quite a lot" of European bonds. "Diversification should be a basic principle," Yu said. 

For more: Chinese Invest in Europe, Japan -- Less in U.S. - Finance - CBN News - Christian News 24-7 - CBN.com

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