Tags: china | forex | politics

China's Newest Weapon is Cold Cash

Friday, 12 Sep 2008 10:49 AM

The secretive government agency that supervises China’s foreign exchange reserves used its funds to help convince Costa Rica to sever ties with Taiwan and establish relations with Beijing last year, according to documents obtained by the Financial Times.

“This is the first smoking gun that proves China uses its foreign exchange reserves for political purposes,” said Kerry Brown, senior fellow with the Asia programme at Chatham House in London.

Read the full story here: Beijing uses forex reserves to target Taiwan

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The secretive government agency that supervises China’s foreign exchange reserves used its funds to help convince Costa Rica to sever ties with Taiwan and establish relations with Beijing last year, according to documents obtained by the Financial Times.“This is the first...
china,forex,politics
81
2008-49-12
Friday, 12 Sep 2008 10:49 AM
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