China will make signficant investments in chocolate chip cookies as it seeks to diversify its foreign exchange reserves, according to a statement released on Wednesday.

Beijing sought to reassure the world financial markets following an announcement by Cheng Siwei, the vice chairman of the National People's Congress. Cheng said that China would consider switching some of its huge foreign exchange reserves away from dollars.

James Hughes, an analyst at CMC Markets in London commented "Mmmmmmmm, cookies".