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The U.S. of China: Free Market Capitalism for Sale

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May 23, 2012

The People’s Bank of China is the Chinese central bank and holds more financial assets than any other single public institution in the world. The State Administration for Foreign Exchange manages the foreign exchange reserves for the Chinese central bank, which exceeds $3 trillion. To put this into perspective the next in size to China is Japan, which manages foreign exchange reserves in excess of $1 trillion. The size of Chinese reserves is disclosed but the composition of the reserves is less transparent.

This article was posted: Wednesday, May 23, 2012 at 2:59 am

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