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By Xin Zhiming (China Daily)
Updated: 2007-08-13 08:38

Related readings:  Forex reserves top US$1.33 trillion, up 41.6%  Forex company to officially open in September  China plans no bulk reduction of US dollar reserve  Central Bank: Large forex fluctuations harmful  China's reserves: Golden dragon or sitting duck

"In deciding the portfolio of the currency assets structure, (we) have consistently stuck to a long-term, strategic policy, taking into consideration multiple factors such as China's foreign economic development, evolution of the international monetary system, as well as changes in the international capital and foreign exchange markets."

The official called for dialogue and exchanges to enhance bilateral understanding.

"The close economic and trade relations between China and the US play an important role in the stable economic development of the two countries, as well as the world economy," the official said.

China attaches great importance to strengthening bilateral communication and exchanges, including the Sino-US strategic economic dialogue, to reach a consensus, he said.

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