Plundering China's reserves

According to this article published Friday 27 October by The Wall Street Journal, with China's foreign-exchange reserves now close to the trillion dollar mark, calls to spend the money are coming fast and furious.

"China's $1 trillion central bank reserves can't be spent freely, any more than assets held by any other big bank, such as the $1.6 trillion of assets on Citigroup's balance sheet," the article says.

"Instead, China's cash pile represents dollars bought by the central bank from Chinese

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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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