Tuesday, December 25, 2012

(BN) China Foreign Exchange Manager Calls U.S. Global ‘Bright Spot’

Bloomberg News, sent from my Android phone

The U.S. may be a "bright spot" for the global economy in 2013, with Europe and Japan "not optimistic," said the official who oversees day-to-day management of China's $3.3 trillion foreign exchange reserves.

Credit expansion and the development of the alternative energy industry will help make the U.S. "the major power promoting global economic growth in the future," said Huang Guobo, director of the foreign exchange reserves management department at China's State Administration of Foreign Ex [...]

Read the full story at http://www.bloomberg.com/news/2012-12-25/china-foreign-exchange-manager-calls-u-s-global-bright-spot-.html

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