And what was true of China was also true of other emerging-market countries receiving capital inflows. These countries’ foreign reserves, mainly held in US securities, topped $8 trillion at their peak last year.
中国的情况也是其他得到资本流入的新兴市场国家的情况。这些国家的外汇储备（主要是美国债券），在去年达到了8万亿美元以上的峰值。