The vote by the U.S. Senate to proceed with sanctions to "punish" China for its currency policy is hypocritical and is a further sign of Washington's inability to deal with U.S. economic problems.
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Growing global reach is an important tenet of China's quest for comprehensive national power, but it is unlikely that even the Chinese expected the accumulation of $2.3 trillion of foreign exchange reserves.
BEIJING — China's central bank said Saturday that its foreign exchange reserves rose 16 percent year-on-year to $1.9537 trillion by the end of M...
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