Yu Yongding
Yu Yongding
conducive practice
This kind of practice is not very conducive to China's long-term growth.
absorb affordable china continue exchange foreign huge increase
It's not affordable for China to continue to absorb such a huge increase in foreign exchange reserves,
bursting dollar due economy exchange extremely factors foreign hit loss property reserves
More seriously, China's economy would take a big hit if the US dollar weakened sharply due to such factors as a bursting of the US property bubble. The loss for China's foreign exchange reserves would be extremely serious.