China should diminish its substantial foreign exchange supplie and further diversify its holdings, Tang Shuangning, chairman of China Everbright Group, said on Saturday. The total amount of foreign exchange reserves should be limited to between 800 billion to 1.3 trillion U.S. dollars, Tang told a discussion forum in Beijing, stating that the existing reserve level is just too high.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!