China’s Foreign Assets
By experts and staff
- Published
Benn SteilCFR ExpertSenior Fellow and Director of International Economics- Dinah WalkerAnalyst, Geoeconomics
China’s total foreign assets, including its dollar assets, have grown substantially. China is worried about the risks associated with holding large amounts of dollar assets, as evidenced by its call for a new global reserve currency. Is it appropriate for so much of a poor country’s national wealth to be invested in a rich country’s low yielding assets? And what risks does the U.S. run by relying heavily on a single country’s government for financing?