When you can print money the reserves dont really matter.
Well yes and no.
It certainly can delay things - but the consequences only further add up.
I don’t know why anyone takes Chinese economic numbers as the truth. Their numbers are whatever they say they are. Unfortunately our economic numbers are becoming the same thing, whatever they say they are.
By the way, those reserves are mostly in dollars I believe.
When the dollars are gone, they’re gone.
That won’t last forever....