⊙ according to the Xinhua News Agency
Economist fan gang 25th told celebrity in Northeast Asia will be held in Hangzhou, including China, Korea, and Japan, States should consider establishing a regional bond market in Northeast Asia, holding each other's countries sovereign bonds, to promote the diversification of reserve currency, reduce dependence on the dollar.
"to achieve a single world currency is a distant ideal, to make financial markets safer, it should be in the reserve currency diversification direction. "Fan gang, Director of the Institute of national economy of China economic reform Research Foundation proposal," first among Northeast Asian countries to achieve sovereign debt holding each other's countries, promoting the reserve currency diversification, reduce dependence on the dollar. "
fan gang believed that after the financial crisis, how to strengthen bilateral and multilateral cooperation, reduce the risk of financial market, is facing common issues in China, Japan and South Korea. "When we hold each other when bonds, on their own economic risk is more concerned about, in terms of macro-policy allows for better coordination and cooperation. "
fan gang said that trade and economic cooperation in Asia, want regional bond market, which is also one of the important issues on the regional economic and trade cooperation, but the relative stagnation over the years. Bond by holding each other's countries, as well as important step in promoting the development of regional financial markets, bond markets.
