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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (34856)	8/4/2005 6:51:44 PM
From: Elroy Jetson	Read Replies (1) \| Respond to 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. .