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By M K Bhadrakumar
China's prospects as the first major economy to recover gives it a crucial role to lead the world economy as a whole and the Central Asian region in particular. Following up on a $25 billion loan to Russia that China dished out in February, it has agreed to lend $10 billion to Kazakhstan. China expects both the recipients to reciprocate by bolstering their energy supplies to China. Continue
China buys less U.S. debt as reserve growth slows: China is buying fewer U.S. government securities than in earlier years and has shifted away from long-term bonds and securities issued by troubled mortgage giants Fannie Mae and Freddie Mac. But analysts said the reduced overall purchases are because China's foreign exchange reserves are growing more slowly
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