12-06-2008, 07:52 PM
Quote:So, China takes unfair advantage of the global monetary market, by "buying dollars in foreign exchange markets. Between December 2000 and July 2003, China more than doubled its foreign reserve holdings from $168 billion (16% of its GDP) to $361 billion (31% of its GDP)."
You're comparing one interval (2000-2003) with a bailout that happened five years afterwards, without adjusting the values appropriately. By late 2008, Chinese foreign reserves were somewhere in the neigbourhood of 1.8 trillion $US.
-Jester