| Abstract: | Economists are having wide-ranging debates on how to rescue the world economy from the exacerbating financial crisis.Yu Yongding,Director of Institute of World Economics and Politics at the Chinese Academy of Social Sciences,suggested the creation ofpanda bondsto diver-sify the use of the nation's $2 trillion foreign reserves,which could boost liquidity in countries hit hard by the credit crunch.In an interview with Beijing Review,Yu discussed how the nation could use its huge foreign reserves.Edited excerp... |
