Yu Yongding
Yu Yongding
commitment countries pity
It is a pity that when we made such an important change, we didn't get any commitment from the U.S. and other countries
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,
conducive practice
This kind of practice is not very conducive to China's long-term growth.
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.