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China Has a Stealth $410 Billion Stash to Boost the Economy

Views Of Chinese Yuan As Yuan Crunch Spurs Banks to Hoard Abroad as China Curbs Outflows
Photographer: SeongJoon Cho/Bloomberg

Stashed away around China is a pile of cash larger than the annual economic output of Norway.

Governments at all levels across the nation have a total of 2.8 trillion yuan ($410 billion) saved, according to researchers at Industrial Bank Co., and that money could be used to boost economic growth in the event of further escalation of the trade war.