If the exporters are being subsidized, China would have to be depleting its fore... | Hacker News

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nickff on Jan 22, 2014 | parent | context | favorite | on: Argentina restricts online shopping as foreign res...

If the exporters are being subsidized, China would have to be depleting its foreign currency reserves for as long as the policy is in place.

rahimnathwani on Jan 22, 2014 | [–]

China's trade surplus was more than 4 _trillion_ USD in 2013.

Exporters use USD (which they receive from overseas buyers) to buy CNY. Those USD add to China's foreign currency reserves.

tomp on Jan 22, 2014 | [–]

No; China is, through it's exporters, getting USD from abroad, not giving it away.

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