Re:Argentina restricts online shopping as foreign reserves drop
by nickff on Wednesday January 22, 2014 @02:26AM
(#7101304)
If the exporters are being subsidized, China would have to be depleting its foreign currency reserves for as long as the policy is in place.
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Re:Argentina restricts online shopping as foreign reserves drop
by rahimnathwani on Wednesday January 22, 2014 @02:50AM
(#7101354)
China's trade surplus was more than 4 _trillion_ USD in 2013.
Exporters use USD (which they receive from overseas buyers) to buy CNY. Those USD add to China's foreign currency reserves.