China's Wealth Woes

Interesting article in the most recent international edition of Newsweek setting forth how China might reduce its massive foreign reserve surplus.  Entitled, "China's Wealth Woes," and subtitled, "with its dollar hoard rising at $17 billion a month and about to pass the $1 trillion mark, Beijing is finding out that it is possible to have too much money," the article does not lay any new ground, but it nicely sets out China's various issues and options.  It also explains how this overlarge reserve is slowing down bank reforms and leading to continued over-investment in new factories and property developments.