Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

China Politely Moves Away from Dollar: Strategist

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Tuesday, July 21, 2009

China’s sovereign wealth fund has taken about 1 percent in drinks group Diageo, in a move which an analyst said is a sign the country is diversifying away from the US dollar.

“Diageo is pleased that one of the largest Chinese investment funds has taken a shareholding of approximately 1 percent in the company,” a company spokesman told CNBC in a statement.

“We do no comment on individual shareholdings but we of course view each investment as a sign of confidence in Diageo [DGE-LN 902.122 17.00 (+1.92%)],” the spokesman added.

The move, only the last in a series of buying of stakes in various companies around the globe by China Investment Corp, shows that the Chinese are shifting out of holding dollars “without upsetting anybody,” Peter Toogood, head of investment at Old Broad Street Research, told CNBC.

Full article here

This article was posted: Tuesday, July 21, 2009 at 3:14 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Raheem Kassam: Sh*thole London See the rest on the Alex Jones YouTube channel.

Germans Being Mass Brainwashed by TV to Submit to Islam See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/bcPVfa76Qig https://www.youtube.com/embed/kYmTFL9nbRQ

© 2018 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.