China looks for new ways to spend US $1 trillion in foreign reserves

http://www.atimes.com/atimes/China_Business/IA23Cb03.html

China has finally decided to diversify disposal of its huge yet steadily growing foreign-exchange reserve by investing in overseas markets, a dramatic departure from its current practice of putting most of its eggs into one basket - US Treasury bonds. The decision was made at the all-important Central Conference on Financial Affairs, which ended on Saturday. A state-owned company will be set up to invest the Asian powerhouse's US$1 trillion foreign-exchange reserve in overseas markets.

I have some swamp land here in Florida to sell you, Premier.