4 ms·

>Even the central government has no money. They have several trillion in US Dollars.

• ww520 3y ago
  Those have equal obligations.
  • treis 3y ago
    Can you expand? Not sure what you mean.
    • ww520 3y ago
      I assume you were talking about their 3.2T foreign exchange reserve. A large portion of that is foreign direct investment money from outside which needs to be paid back when moved out. China has up to 2.7T foreign debt as of last year, which needs to be paid back in foreign currencies. There're a fair amount of currency needs for facilitating import and export. There's not much left in the pool.