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This quote is just one of 9 total Yu Yongding quotes in our collection. Yu Yongding is known for saying 'This kind of practice is not very conducive to China's long-term growth.' as well as some of the following quotes.
It's not affordable for China to continue to absorb such a huge increase in foreign exchange reserves.
More seriously, China's economy would take a big hit if the US dollar weakened sharply due to such factors as a bursting of the US property bubble. The loss for China's foreign exchange reserves would be extremely serious.
This quote is just one of 9 total Yu Yongding quotes in our collection. Yu Yongding is known for saying 'This kind of practice is not very conducive to China's long-term growth.' as well as some of the following quotes.