China aims to better manage forex reserve

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Source: CCTV.com | 03-10-2009 09:41

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China has one of the world's largest foreign exchange reserves. The question now is how to take advantage of the massive reserves to serve domestic economic growth amid the global recession.

China has one of the world's largest foreign exchange  reserves. The question now is how to take advantage of  the massive reserves to serve domestic economic growth  amid the global recession.

China holds nearly 2-trillion-US-dollars worth of foreign exchange reserves, the largest in the world. Outside China they are seen as a great strength against economic turbulence. But within the country, debate is intensifying on how to better manage this huge pool of resources to stimulate the economy. Should China continue to buy US treasury bonds, use the money to finance overseas investments, or use it at home to stimulate consumption. Here's what some CPPCC members of the 'two sessions' have to say."