Back then, China bought US Treasury bonds to keep the currency from rising and eroding the competitiveness of Chinese exporters. As a result, it accumulated an astounding $4 trillion of foreign reserves.
这与中国在人民币强势期间的做法正好相反。那时，中国买入美国国债，阻止人民币升值和影响其竞争力。结果，中国积累了令人咋舌的4万亿美元外汇储备。