Not poor, just less rich

POSTED ON 01/06/2009

Given the tenacity with which the media has tracked the rise and rise of China's foreign exchange reserves (hey, we all like big numbers and bellwether trends), it's difficult to process the concept that Beijing might be hard up. And it isn't really. But in 2009 the state coffers will certainly be less full. Finance Minister Xie Xuren said yesterday that it "will be a difficult year"...

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