Cryptocurrency Q&A
Why did China want a foreign exchange reserve?
Why did China want a foreign exchange reserve?
Riccardo
Fri Nov 15 2024
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7 answers
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China wanted a foreign exchange reserve for multiple reasons. Primarily, it served as a buffer to adjust the balance of payments and ensure payment capabilities. Additionally, it allowed China to intervene in foreign exchange markets, stabilizing currency exchange rates. Moreover, having a reserve helped to preserve China's international reputation and improve its financing capacity. Furthermore, it enhanced China's comprehensive national strength and provided a means to resist financial risks.
7 answers
lucas_taylor_teacher
Sun Nov 17 2024
Specifically, China aimed to have a greater say in the management and decision-making processes.
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FantasylitElation
Sun Nov 17 2024
China possesses the largest foreign exchange reserves globally.
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KimonoGlory
Sun Nov 17 2024
This significant financial position gives China a desire for a more prominent managing role in international financial institutions.
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Valeria
Sat Nov 16 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of investors and traders.
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Michele
Sat Nov 16 2024
Additionally, China expressed interest in hosting the reserve itself.
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