- Posted December 9, 2011 by
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China become more of capitalist nation aimed investments in US and EU.
China's central bank plans to create a $300 billion investment vehicle, aimed at investments in the private sector in US and Europe, in an effort to boost returns on its foreign exchange reserves.
China's huge surplus about $3.2 trillion in foreign-exchange reserves need to be invested.
As China carves out a presence across the US, Europe, Russia, Africa , Latin America and Middle East, its investments in everything from energy resources, minerals, agriculture, road building to fashion are poised to expand rapidly, especially as it tries to develop more sophisticated industries at home.
The turn to Europe and US is the latest phase in China's global spending spree.
The country has plowed hundred,s of billions of dollars into resource-rich countries in Africa , Latin America, Russia, Iran, Iraq, Afghanistan, Canada, Australia, India, Brazil and Venezuela over the past decade to meet its insatiable demand for, oil natural gas, coal and raw materials, sealing long-term partnerships in oil and gas and in iron ore, copper, chrome ore and other strategic metals.
As China's middle class grows and its workers demand higher living standards, Beijing is under pressure to make the transition from basic industries like manufacturing and infrastructure to the higher-end products and services.
Is now estimated that up to one million Chinese people live in Africa.China now lends more to Africa than the World Bank
China is re-defining the economic landscape and is gradually displacing the influence and relevance of Western governments, corporations and development agencies.
If the Chinese want to protect their investments in US dollars, and euro then they should open up their economy.
By allowing higher-end products and services from Americans and Europeans in China.
The dollar and euro will remain strong and the Chinese will advance economically.
If China just borrow dollars and euros and sit on them, they get no advancement except devaluation.
By having so much invested in EU and US the China will become more of a capitalist nation .
President and CEO