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Chinese Foreign Exchange Reserves - $2 Trillion

Chinese Foreign Exchange Reserves

Just saw this interesting article on the level of foreign exchange reserves China now has in hand, interesting...

"In a world of systemic instability, reserves mean power. Reserves mean you can defend your currency, stabilise your banking system and boost your economy without resorting to yet more borrowing – or, worse still, the printing press.

More than half of China's reserves are denominated in dollars. So when the dollar falls, China loses serious money. When you're talking about a dollar-reserve number involving 12 zeros, even a modest weakening of the greenback sees China's wealth takes a mighty hit."

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