China is on the move.
The Shanghai Composite Index rallied since the start of this year 34.80% Bloomberg is reporting. Remarkable: commodity stocks are driving in the fast lane.
Zijin Mining Group en Jiangxi Copper, China Shenhua Energy Co, Tongling Nonferrous Metals Group and China Coal Energy are all rising fast.
In the mean time the Chinese are re-arranging their currency reserves. Their dollar assets went down from 83% a couple of months ago to 64%. But they have still 740 bln USD of US Treasuries.
The Shanghai Composite Index rallied since the start of this year 34.80% Bloomberg is reporting. Remarkable: commodity stocks are driving in the fast lane.
Zijin Mining Group en Jiangxi Copper, China Shenhua Energy Co, Tongling Nonferrous Metals Group and China Coal Energy are all rising fast.
In the mean time the Chinese are re-arranging their currency reserves. Their dollar assets went down from 83% a couple of months ago to 64%. But they have still 740 bln USD of US Treasuries.
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