China should cut U.S. Treasury holdings: economist

One minute they don't need gold, the next it's a key acquisition. The endless flip-flopping keeps investors guessing while the Chinese quietly do what they need to do (acquire gold).

Zhang Monan, a researcher with the State Information Center, a think tank under the powerful National Development and Reform Commission, told the paper that China should invest more of its $2.5 trillion of foreign exchange reserves, the world's largest stockpile, in hard assets such as gold.

Source: reuters.com