Tue, 13 Mar 2012 10:16:03 GMT
China agreed to sell 10 billion US Dollars of state bonds to Japan
China has agreed to sell 10 billion US Dollars of sovereign debt to Japan in an attempt to internationalize its currency. China is willing to make the Yuan an alternative reserve currency to its US counterpart. Allowing overseas investments in China's debt, the country makes its currency more accepted in foreign markets, said Zhang Yongjun from China Centre for International