The paper tries to probe into the target selection of foreign exchange reserve management in China from the Angle of RMB's international purchasing power.

本文试图以人民币国际购买力为视角探讨我国外汇储备管理的目标选择。

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If the Fed chooses to reduce the real burden of the debt via inflation, the purchasing power of money will fall along with the foreign exchange value of the dollar, and those who trusted in U.S. public debt will suffer.

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