Wed March 14, 2012
Planet Money

China's Giant Pool Of Dollars

Originally published on Thu March 15, 2012 9:08 am

There is an advantage to strengthening the currency for people in China: It makes their imports cheaper. A clerk counts bank notes in a bank in Nantong, east China's Jiangsu Province.
Xinhua /Landov

China's central bank is sitting on a giant pool of U.S. dollars. It's the world's biggest holder of foreign reserves, worth over $3 trillion at last count.

All that money has piled up because every year, China exports more than it imports; it runs a trade surplus.

There are lots of reasons for China's trade surplus. In the past few decades, China has built an amazing manufacturing ecosystem. It's become the factory to the world.

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Mon October 10, 2011

Colorado Farmers Await Free Trade Vote

Colorado farmers have looked to expand their export markets in recent years.
KUNC file photo

Many Colorado farmers are eager for Congress to ratify three long-pending free trade deals.  The US House and Senate are expected to pass the pacts with South Korea, Panama and Columbia as early as Wednesday.

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Wed May 25, 2011

Colorado Governor Urges Passage of Free Trade Deals

Exports of Colorado meat and dairy have risen steadily in recent years.
KUNC file photo

Colorado Governor John Hickenlooper has joined a bi-partisan group of governors calling on Congress to ratify three long-pending free trade agreements with Panama, Columbia and South Korea.

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