Vicious Economic Cycle Leads to China’s Record High Foreign Reserves

China’s foreign exchange reserves reached a record US$3.2 trillion at the end of September, and many Chinese are now asking why this huge hoard of cash can’t be used to help the people in China.
Vicious Economic Cycle Leads to China’s Record High Foreign Reserves
Luo Ya
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/121309773chin.jpg" alt="An elderly man walks past a poster advertising the renminbi (RMB) currency (Chinese yuan) in Hong Kong on Aug. 18, 2011. (Laurent Fievet/AFP/Getty Images)" title="An elderly man walks past a poster advertising the renminbi (RMB) currency (Chinese yuan) in Hong Kong on Aug. 18, 2011. (Laurent Fievet/AFP/Getty Images)" width="575" class="size-medium wp-image-1795936"/></a>
An elderly man walks past a poster advertising the renminbi (RMB) currency (Chinese yuan) in Hong Kong on Aug. 18, 2011. (Laurent Fievet/AFP/Getty Images)
Luo Ya
Luo Ya
Author
Luo Ya is a freelance contributor to The Epoch Times.
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