The financial 'bleed and it leads' news coverage has highlighted China's missteps in its sovereign wealth funds' investments. However those difficult situations total some $10 billion or a half percent of the nation's $1.9 trillion foreign-exchange reserves. The bulk of its holdings--some estimate up to 70%--are in U.S. Treasuries, other government debt and corporate bonds.
China stubs toe, but still good money manager
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