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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Will China come out to rescue the world?

Posted on 29 October 2008

From Sify: Given China’s huge international reserves at $1.9 trillion, it can maintain its own stability, but it can also help developed countries overcome the crisis. Is it ready to offer the money? And will anyone take it?

China’s dependence on exports is not as heavy as may seem at first glance. Officially, exports account for 37 per cent of its revenues and seem to be the driver of the Chinese economy….. Full Article: Source


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