The heavy burden of Beijing’s cash pile

China’s bulging foreign exchange reserves have become a headache to manage for the central bank. Poor returns on its US reserves should encourage Beijing to chase higher-yield assets in Australia.

Can you ever have too much money? It's a silly question if you ask your average Joe, but it is a serious question if you pose it to Chinese central bankers, who have a staggering $US4 trillion in foreign exchange reserves at their disposal.


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