Posted AT 8:00 PM EST on 03/07/09
China's Catch-22: $2-trillion in foreign reserves
How do you spend $2-trillion (U.S.)? Very slowly.China's massive foreign currency reserves place it in an enviable position compared with other debt-ridden, import-dependent economies. But China's economy has slowed, it is worried about a depreciating U.S. dollar, and its trading partners are irritated that the country is keeping its own currency, the yuan, undervalued.
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