China’s Central Bank Guilty of Driving Up Debt and Inflation

Massive foreign exchange reserves maintained by the Chinese central bank are causing the bank to incur large amounts of debt while feeding China’s out of control inflation.
China’s Central Bank Guilty of Driving Up Debt and Inflation
A Chinese bank worker counts a stack of U.S. dollars together with stacks of 100 Chinese yuan notes. STR/AFP/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/97621596.jpg" alt="CHINA FOREX: A Chinese bank worker counts a stack of U.S. dollars together with stacks of 100 Chinese yuan notes. China is driving up its national debt to finance its foreign currency reserves, the largest in the world. (STR/AFP/Getty Images)" title="CHINA FOREX: A Chinese bank worker counts a stack of U.S. dollars together with stacks of 100 Chinese yuan notes. China is driving up its national debt to finance its foreign currency reserves, the largest in the world. (STR/AFP/Getty Images)" width="320" class="size-medium wp-image-1801858"/></a>
CHINA FOREX: A Chinese bank worker counts a stack of U.S. dollars together with stacks of 100 Chinese yuan notes. China is driving up its national debt to finance its foreign currency reserves, the largest in the world. (STR/AFP/Getty Images)
Michelle Yu
Michelle Yu
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