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Thread: Is China already "kidnapped" by US?
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[quote=FRANKENSTEIN,331446]By the end of September, China has accumulated 1.91 trillion foreign reserves, of which 65 percent are US dollars, 25 percent Euros and other currencies such as Pound and Yen taking 10 percent. Currently, the whole world is experiencing a very serious financial crisis, which happened in US originally. Reading the statistics above, you will find that China has held a great deal of dollars. Due to the financial crisis in US, China will suffer huge losses in its foreign reserves. No matter China sells or keeps its dollar assets, its foreign reserves are starting to shrink. Apparently, China has been "kidnapped" by US. With a hold of almost 2 trillion dollars foreign reserves in hands, what should China do to keep it from damage?[/quote]
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