China will continue to buy US Treasury bonds, even though it has misgivings about US finances and knows the dollar will depreciate, because it remains the “only option” amid financial turmoil, a senior Chinese banking regulator said Wednesday. Luo Ping, a director-general at the China Banking Regulatory Commission, said in New York that US Treasuries are a “safe haven” for everyone, unlike gold and Japanese and UK government bonds.

This entry was posted by Gwen Robinson on Thursday, February 12th, 2009 at 4:53 and is filed under Capital markets, People. Tagged with china. Edit this entry.