China fears depreciation of $2.45 trillion of reserves still heavy in dollars

Hu Xiaolian, a vice governor with the People's Bank of China, warned that depreciation was a risk for the foreign exchange reserves held by developing countries.

"Once a reserve currency's value becomes unstable, there will be quite large depreciation risks for assets," she wrote in an article that appeared in the latest issue of China Finance, a central bank magazine.

Webmaster's Commentary: 

The Chinese have every reason to be concerned about the potential depreciation of the US dollar, and so should Americans.

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