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khuey
on Feb 17, 2016
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China's Subprime Crisis Is Here
No, they don't. There's only 1.4 trillion dollars in circulation.
http://www.federalreserve.gov/faqs/currency_12773.htm
jcoffland
on Feb 17, 2016
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Not all of their cash reserves are denominated in US dollars.
khuey
on Feb 17, 2016
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There's around 5 trillion US dollars worth of hard currency in the world.
http://gizmodo.com/5995301/how-much-money-is-there-on-earth
80% of it is not sitting in a vault in China.
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http://www.federalreserve.gov/faqs/currency_12773.htm