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But what is the point of making it a secret? It would make foreigners' companies have a harder time because the public info is wrong... But this also makes Chi

• woodruffw 3y ago
  I have no idea! Speculating baselessly: a country might choose to hold excess foreign reserves without publicly disclaiming them when it lacks confidence in its own currency or economy, or if it foresees global market upsets (e.g. wars) that would make their local currency less desirable for international trade. I agree with your point about eroding trust: it’s hard to think of a reason to do this that would be worth it.
• Dalewyn 3y ago
  >But what is the point of making it a secret? It makes the many exaggerated claims of Chinese economic demise that much more exaggerated and likely false, it leaves the rest of the world (read: their enemies) more complacent and more vulnerable to Chinese ambitions. If the claim being presented here is true, it doesn't really surprise me: I've been hearing for the better part of the past three decades that China's economy (and consequently the country) was on the verge of imploding. It is now the year 2023 and China still hasn't imploded and is seemingly on track to win the new cold war against the west. Does China have $3 trillion dollars of secret "fuck you" money? At this point I would be more surprised if they didn't.
  • gumby 3y ago
    > Does China have $3 trillion dollars of secret "fuck you" money? I don’t think that’s a useful way to think of foreign reserves.