China's foreign reserves: Who wants to be a triple trillionaire? | The Shortlist Daily | The Monthly

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China's foreign reserves: Who wants to be a triple trillionaire? "China could buy all of the outstanding sovereign debt of Spain, Ireland, Portugal and Greece, solving the euro area’s debt crisis in a trice. It might, alternatively, choose to abandon debt altogether and buy equity. China could gobble up Apple, Microsoft, IBM and Google for less than $1 trillion." — Economist

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