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China is hiding $3 trillion of foreign currency in ‘shadow reserves,’ adding unknown risks to the global economy, former Treasury official says
Aggregated Source: ChinaLegalBlog.com

China’s President Xi Jinping attends a meeting with Malaysia’s Prime Minister Najib Razak at Diaoyutai State Guesthouse, in Beijing, China, November 3, 2016. REUTERS/Jason Lee

China has more foreign exchange reserves than reported, a former Treasury official wrote.…

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