In fact, as of year-end 2014, China’s total reserves (including gold) of $3.9 trillion were greater than those of Japan, the United States (> 30 trillion debts!!!), Russia, Brazil, Korea, India, Germany, France, Italy, the United Kingdom, and Canada combined, as Figure 2 shows.
Sources: Global Imbalances and the Lessons of Bretton Woods, Stopping China's Mercantilism: A Doctrine of Constructive, Alliance-Backed
Confrontation, Exchange Rate Arrangements Entering the 21st Century: Which Anchor Will Hold?, Gold deposits of China: a special issue of Ore Geology Reviews, Reviving the Gold Standard, PRIORITY STRATEGIC DIRECTIONS FOR ENSURING THE GROWTH OF THE RUSSIAN ECONOMY, The Gold Market and the Value of the U.S. Dollar, A Gold Battle? De Gaulle and the Dollar Hegemony during the
Bretton Woods era, Schulden und Staatlichkeit: Überlegungen zur Politischen Ökonomie des Schuldenstaats, Schuldenexplosion trotz Zinslastschwund
Partialanalysen zur Schuldenpolitik der Euroländer für den Zeitraum von 1995 bis 2015, etc.
Sources: Global Imbalances and the Lessons of Bretton Woods, Stopping China's Mercantilism: A Doctrine of Constructive, Alliance-Backed
Confrontation, Exchange Rate Arrangements Entering the 21st Century: Which Anchor Will Hold?, Gold deposits of China: a special issue of Ore Geology Reviews, Reviving the Gold Standard, PRIORITY STRATEGIC DIRECTIONS FOR ENSURING THE GROWTH OF THE RUSSIAN ECONOMY, The Gold Market and the Value of the U.S. Dollar, A Gold Battle? De Gaulle and the Dollar Hegemony during the
Bretton Woods era, Schulden und Staatlichkeit: Überlegungen zur Politischen Ökonomie des Schuldenstaats, Schuldenexplosion trotz Zinslastschwund
Partialanalysen zur Schuldenpolitik der Euroländer für den Zeitraum von 1995 bis 2015, etc.