Socialist market China should cap forex reserves at $1.3 trillion

China's foreign exchange reserves increased by 197.4 billion U.S. dollars in the first three months of this year 2011 to 3.04 trillion U.S. dollars by the end of March 2011.

China should invest its foreign exchange reserves more strategically, using them to acquire resources and technology needed for the real economy.

China should cap forex reserves at 1.3 trillion U.S. dollars: China banker