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China turns to global 'real assets'

Fund flows out of China in the wake of the stock market volatility are part of a generally healthy rebalancing of China's net foreign assets.

THE record US$94 billion fall in China's foreign exchange reserves in August - a larger amount than the official currency holdings of the UK or Canada - has commanded international headlines. However, amid signs that Beijing is accelerating its build-up of foreign "real assets" in quoted and non