Managing China's forex reserves

This article from The Star Online, published Friday 4 August, looks at the appropriate level for China's increasing foreign exchange reserves which will soon hit the US$1 trillion mark.

According to the article, the reaching of this milestone will represent a triumph of the People's Bank of China's longstanding position of "the more foreign exchange reserves the better".

"The maintenance of high reserves comes at huge cost that China can ill-afford, the article says, and this part of national

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