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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Chispas who wrote (34856)8/4/2005 6:51:44 PM
From: Elroy Jetson  Read Replies (1) of 116555
 
In the greater scheme of things, China's reserves of US Dollars are not that great. They come out to about $550 per Chinese citizen, or $2,200 per family of four.

Now $2,200 is a lot of money but its not going to buy you a car, even in China. They have additional reserves in other currencies, but China has a lot of problems that need to be fixed in the future with new infrastructure needing a lot of imported supplies and expertise.

I think their currency surplus is a lot about nothing.
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