China $200 Bil ‘SuperFund’ Set to Drain American Dollars

by | Oct 3, 2007 | Stress Blog

In its ongoing struggle to disinflate its own economy and drain some of the trillion-plus devaluing American dollars that it holds, China’s leadership has apparently authorized the hush-hush creation of a US$200 billion “super fund” that will purchase raw materials around the world, according to FMNN sources close to the Chinese top leadership.

The report comes on the heels of a previous FMNN report that Chinese banks have begun to cautiously trade down China’s horde of American dollars via international currency markets: