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| Author: | Han, Jiyun |
| Title: | New exploration of the scale of China's foreign exchange reserves (original in Chinese) |
| Journal: | Economics Information (c)
1997 : 1, p.44-47 |
| Index terms: | FOREIGN EXCHANGE CHINA |
| Language: | chi |
| Abstract: | In the present stage, China should keep a scale of exchange reserve of moderate level, that is US$ 60 billion or so. The most important thing to do now is to conduct effective control over and wise use of foreign exchange reserves, and use up the reserves beyond the rational scale. To this end, we should expand the floating range of market exchange rate, increase the money of various commercial banks, speed up the development of inter-bank foreign exchange market and make foreign exchange market open to the public where the conditions are ripe. Moreover, we should have a rational structure of exchange reserves and make reserves in stock in the international banks with high interest rate or buy medium-and short-term loans from the international financial institutions or issue short-term loans of foreign exchange at home. |
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