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DJ China Official: FX Reserves In US Treasurys 'Not Worthwhile'

**Rogue comment...No sh#t Sherlock!



BEIJING (Dow Jones)--Investing some of China's massive foreign reserves into U.S. Treasurys is "not worthwhile," a senior party official said Thursday.

"I think it's better that China should invest its huge forex reserves in overseas energy resources stocks as reserves," said Zheng Xinli, deputy minister of China's Central Policy Research Office.

The Central Policy Research Office is under the Communist Party of China. Its views aren't official but tend to reflect the potential thinking of China's leadership.
Zheng made the remarks during a speech at a conference on China's energy and investment outlook.
(MORE TO FOLLOW) Dow Jones Newswires
September 22, 2005 03:48 ET (07:48 GMT)
Copyright (c) 2005 Dow Jones & Company, Inc.- - 03 48 AM EDT 09-22-05

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