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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (55819)11/10/2004 4:30:42 PM
From: Raymond Duray  Read Replies (1) | Respond to of 74559
 
Yiwu,

Re: Not hard at all. I think that 515 billion figure is the total Chinese reserve, isn't it?

You are confusing two different things. Reserves are "cash and cash equivalents" on hand. Debt, as in T-bills and T-Bonds are not reserves. They are obligations of the U.S. Treasury.

They are two entirely different things, although both appear as assets on the balance sheet.


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