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China has $3 trillion hidden currency reserves: What this ex-Biden admin trade advisor says about Asian giant's economy

By A Mystery Man Writer
Last updated 29 May 2024
China has $3 trillion hidden currency reserves: What this ex-Biden admin trade advisor says about Asian giant's economy
The People's Bank of China's (PBOC) records show $3.1 trillion in foreign exchange reserves, but Brad Setser argues that an equivalent amount is hidden. The existence of these “shadow reserves” poses a unique risk to the global economy. Get more Economy & Infra News and Business News on Zee Business.
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