China’s Foreign Exchange Reserves Conundrum

The Chinese regime is in a conundrum about its large foreign exchange reserves. Authorities don’t want to increase the foreign reserves; their aim is to keep the economic growth going, a Chinese economist says.
China’s Foreign Exchange Reserves Conundrum
A staff member counts money at a branch of Industrial and Commercial Bank of China Limited (ICBC) on April 18 in Huaibei, Anhui Province of China. The People's Bank of China (PBOC), the central bank, raised the required reserve ratio of the country's lenders by 50 basis points from April 21 for the fourth time this year to curb stubbornly high inflation. ChinaFotoPress/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/112481657.jpg" alt="A staff member counts money at a branch of Industrial and Commercial Bank of China Limited (ICBC) on April 18 in Huaibei, Anhui Province of China. The People's Bank of China (PBOC), the central bank, raised the required reserve ratio of the country's lenders by 50 basis points from April 21 for the fourth time this year to curb stubbornly high inflation. (ChinaFotoPress/Getty Images)" title="A staff member counts money at a branch of Industrial and Commercial Bank of China Limited (ICBC) on April 18 in Huaibei, Anhui Province of China. The People's Bank of China (PBOC), the central bank, raised the required reserve ratio of the country's lenders by 50 basis points from April 21 for the fourth time this year to curb stubbornly high inflation. (ChinaFotoPress/Getty Images)" width="320" class="size-medium wp-image-1805057"/></a>
A staff member counts money at a branch of Industrial and Commercial Bank of China Limited (ICBC) on April 18 in Huaibei, Anhui Province of China. The People's Bank of China (PBOC), the central bank, raised the required reserve ratio of the country's lenders by 50 basis points from April 21 for the fourth time this year to curb stubbornly high inflation. (ChinaFotoPress/Getty Images)
Gao Zitan
Gao Zitan
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