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《Journal of University of Science and Technology Beijing》 2004-02
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Analysis on China's Foreign Exchange Reserve Scale

WANG Shuping,LIU Qin (School of Humanities and Social Sciences,University of Science and Technology Beijing, Beijing 100083, China)  
By the end of 2003, China's foreign exchange reserve has reached to more than 400 billion US dollors, which appears to be excessive in conventional perspective. However, for China, a developing country in an opening economic environment ,the foreign exchange reserve will unavoidably be influenced by many other factors. Therefore, a conclusion can be drawn that China's current foreign exchange reserve is not over-abundant and it is essential that an absolutely sufficient amount of foreign currency should be reserved in China Although keeping the present amout of foreign exchange reserve may bring about certain opportunity cost, yet it is actually much less comparing with the price we will have to pay when foreign and domestic economies lose their balance and hence we are forced to rearrange the economy after possible external impacts resulted from the inadequacy of foreign exchange reserve.
【CateGory Index】: F832.6
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1 CHENG En*Mfu (School of Economics,shanghai University of Finance and Economics,Shanghai 200433, China);The Scientific Recognition and Development of the Theory of Labor Yalue——On Establishing "the New Labor Theory of Value[J];The Study of Finance and Economics;2001-11
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4 Gu Shutang;The Distribution on Theory of Value, Labor Theory of Value and Theory of Distribution[J];Nankai Economic Studies;2001-05
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