WSJ reports China's government is looking at ways to use its nearly $2 trillion worth of foreign-exchange reserves to help companies make investments abroad, an official said, while emphasizing that not all proposals for using those funds are practical or possible.
The comments by Fang Shangpu, a deputy director of the State Administration of Foreign Exchange, could signal a greater consensus on how to deploy China's official reserves, the world's largest.
The idea of supporting outward investment is not new but seems to have gained traction as the global financial crisis spurs the government to take an even more active role in supporting domestic companies.
State media also reported this week that officials have proposed using money from the reserves to set up a fund for overseas energy acquisitions.
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