The current ratio is appropriate. I expect it will decline further in the future. Last year's fast growth in fiscal revenue enabled the central government to cut the deficit.
More Quotes from Xiao Zhuoji:
The reserves are of significant importance to upgrade the China image in the international economic arena, strengthen the nation's macro-control capabilities and guard against financial risks.Xiao Zhuoji
The government should take measures to lower house prices.
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China's foreign exchange reserve hit 818.9 billion dollars at the end of last year but what China really needs should be no more than 250 billion dollars.
Xiao Zhuoji
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