China’s Giant Pool Of Money
NPRs Planet Money podcast has posted the third show from their recent trip to China, which looks at U.S. reserves in the Chinese economy from the perspective of two business people in the export business:
Today on the show, we visit a giant pool of money — worth trillions of U.S. dollars! — at the People’s Bank of China, the country’s central bank.
To understand how the money got there, we talk to Jacky Jiang and Rosalia Yang, a pair of very friendly exporters who show us around a factory where they make fake-wood flooring.
Listen to the full podcast.