An adviser to China's central bank has said the nation should be investing more in real assets, rather than US Treasury bonds. Zhou Xiaochuan, a member of the People's Bank of China, told an audience at Tsinghua University that China needed to invest more heavily into its own economy and less on foreign debt. China holds about $1.2tn of Treasuries, the US' largest foreign creditor. Fan dismissed fears that China's growing indebtedness was a risk to the nation's economy.
An adviser to China's central bank has said the nation should be investing more in real assets, rather than US Treasury bonds. China is a wealthy, but low income, nation and it should be directing its capital better, said Fan Gang of the National Economic Research Institute and a member of the People’s Bank of China’s Monetary Policy Committee. China holds about $1.2tn of Treasuries, the US' largest foreign creditor. Fan dismissed fears that China's growing indebtedness was a risk to the nation's economy.