Although the U.S. is China�s number one trade partner, they are not the country�s top import supplier
Last week, China reported that their [B]foreign exchange [/B]reserves exceeded $2 trillion and it is under this environment that the [B]U.S. and China will begin their Economic and Strategic Dialogue on Monday[/B]. As forex traders and investors look for opportunities in the second half of the year, we encourage everyone to [I] buy what China buys. [/I] On Tuesday, Premier Wen Jiabao pushed Chinese companies to hasten their “going out strategy” and for the first time ever, he said the government could use foreign exchange reserves to help companies invest abroad. In other words, the Chinese government has basically given domestic firms the political and financial support to go on a spending spree.