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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.
by nickff 13y ago
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.
- rahimnathwani 13y agoChina'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.
- tomp 13y agoNo; China is, through it's exporters, getting USD from abroad, not giving it away.