Putting Foreign Exchange Reserves to Better Use

While an appreciating yuan may have taken the sting out of the Sino-U.S. currency quarrel, the issue has not quite gone away. Come autumn, when Chinese leaders meet over major reforms, we can expect the liberalization of exchange rates to accelerate.

How to put the country's foreign exchange reserves to better use is also likely to be on the agenda, following the State Council's recent call for their innovative use.