According to statistics released by the State Administration of Foreign Exchange on May 7,China's foreign exchange(forex)reserves had hit$3.2048 trllion by late April,an increase of $20.9 billion or 0.66 percent o...According to statistics released by the State Administration of Foreign Exchange on May 7,China's foreign exchange(forex)reserves had hit$3.2048 trllion by late April,an increase of $20.9 billion or 0.66 percent over the end of March.The U.S.dollar remains the dominant forex reserve of China,and its amount is on the rise.The argument that China is accelerating de-dollarization to ramp up the intermationalization of the renminbi(RMB)and American political worries about the RMB's threat t the status of the dollar are baseless.展开更多
文摘According to statistics released by the State Administration of Foreign Exchange on May 7,China's foreign exchange(forex)reserves had hit$3.2048 trllion by late April,an increase of $20.9 billion or 0.66 percent over the end of March.The U.S.dollar remains the dominant forex reserve of China,and its amount is on the rise.The argument that China is accelerating de-dollarization to ramp up the intermationalization of the renminbi(RMB)and American political worries about the RMB's threat t the status of the dollar are baseless.
