The united states of china: america for sale
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The People’s Bank of China is the Chinese...
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.
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