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by jcoffland 3769 days ago
They have $3.9T worth of cash reserves sitting in a vault in addition to holding over $1T in US debt.
1 comments
khuey 3768 days ago
No, they don't. There's only 1.4 trillion dollars in circulation.

http://www.federalreserve.gov/faqs/currency_12773.htm

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jcoffland 3768 days ago
Not all of their cash reserves are denominated in US dollars.
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khuey 3768 days ago
There's around 5 trillion US dollars worth of hard currency in the world. http://gizmodo.com/5995301/how-much-money-is-there-on-earth 80% of it is not sitting in a vault in China.
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