Economist calls for cut in China's dollar reserves

Economics professor Xiao Zhuoji said in an interview published Monday 27 February that China should cut its share dollars in its foreign exchange reserves due to risks posed by the dollar's instability.

Speaking to the Shanghai Securities News, Xiao, an influential economist, also suggested a number of ways to slow the explosive growth in China's reserves, which rose 34 percent last year to $818.9 billion.

"Dollars account for most of our reserves, and the instability of the dollar increases

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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