Australia to buy Chinese government deb

Australia to buy Chinese government debt The Australian central bank plans to invest about 5 per cent of its foreign reserves in Chinese government bonds, in the latest move to build closer economic ties between the two countries.

“This decision to invest in China is an important one. It reflects the broader economic relationship between China and Australia and our increasing financial ties”, Philip Lowe, deputy governor of the Reserve Bank of Australia, said in a speech on Wednesday in Shanghai.
http://link.ft.com/r/P75VYY/VTA466/QFRUDM/EXZZN6/IE6HSA/OS/h?a1=2013&a2=4&a3=24