外贸外文翻译---对中国外汇储备快速增长的反思.docxVIP

附录 Rethinking Fast Growth in China’s Foreign Exchange Reserves Yuanlong Wang I．Introduction Since2000, China’s foreign exchange reserves have been growing fast. By the end of2001, China’s foreign exchange reserves had exceeded US$200bn and by the end of 2002 had reached US$286.4bn. By the end of2003, it had reached US$403.3bn and in 2004 it reached US$609.9bn. In l 999, China’s foreign exchange reserves accounted for l 5.6 percent of its GDP. The ratio has been growing continually and Was 36.88 percent of GDP by 2004, making China the second largest foreign exchange reserve holder in the worl