Ambassador (retd.) Kishan S Rana, Honorary Fellow, Institute of Chinese Studies.
China’s foreign exchange reserves used to be $5 trillion, some three years back. Now they are down to $3.22 trillion. This has been the result of financial challenges that it has faced, including efforts to protect the value of the Yuan. The reserves are still huge, say 9 times larger than India’s $350 billion. But some may wonder if this is proof of economic decline.