As the central bank has not been issuing sterilization papers like before to mop up the surplus, the liquidity has built up in the banking system.

中央银行还没有发放绝育论文像以前一样，以吸纳多余的流动资金已建立了银行系统。

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To keep the currency cheap, China manipulates its banking system so the accumulated surplus dollars never get spent.

CNN: The recession was made in China

China's economy is protected by its current-account surplus and vast reserves, but its banking system would be hurt by an abrupt withdrawal.

ECONOMIST: Capital inflows to China

This government took a country with excellent fiscal finances, a surplus in fiscal accounts, and a banking system that was in excellent health.

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