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05.06.2013 15:02

Expert Opposes Handing Out Forex Reserves to China's Citizens

Researcher argues that helping out elderly would be better way to utilize the country's growing foreign exchange pool
By intern reporter Tie Jin

(Beijing) – There has been much discussion recently about making more efficient use of the country's foreign exchange reserve, which has climbed to more than US$ 3.4 trillion as of April.

One eye-catching idea advocates directly handing out the reserve to the people.

However, Zhang Bin, a research fellow at the Institute of World Economics and Politics, which is under the Chinese Academy of Social Sciences, opposes the proposal. He stated his ideas in an article published by China Reform, a Chinese-language sister magazine of this publication.

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