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Independent voices from the The Washington Times Communities
Topic - Philip Lowe
Australia's central bank will start investing in Chinese bonds — an "important" decision that marks yet another win for China's growing international financial influence.
This year's political campaigns are saturated with money, yet the Federal Election Commission, the watchdog on all the raising and spending, is issuing fewer warnings and completing fewer audits — and even when it does issue fines, political committees routinely don't bother to pay.
"This decision to invest in China is an important one," said Philip Lowe, deputy government of the Reserve Bank of Australia, BBC reported. "It reflects the broader economic relationship between China and Australia, and our increasing financial ties."