China Magazine Floats Idea of Selling Parts of Currency Reserves

China has the option of selling to the public some assets from its $3.44 trillion foreign-exchange reserves, according to an opinion piece in Caixin Century Weekly, a Chinese magazine.

The article, “How to Cope With ‘Excessive’ Foreign-Exchange Reserves,” was published in the April 29 issue under the pseudonym Xiao Yi. Caixin said the author is a “senior economist” without elaborating and that a more detailed account of the proposal will be published in a sister magazine, China Reform.