1. By the end of April, China's foreign exchange reserves exceeded 3 12 trillion US dollars. Since March, 20 1 1, the scale of China's foreign exchange reserves has always remained above $3 trillion. Therefore, at present, China's foreign exchange is at the same level, and there is no need to create foreign exchange.

2. The scale of China's foreign exchange reserves and foreign net creditor's rights position are much higher than those of Russia. In extreme cases, once these assets are frozen in Europe and America, it means a higher risk of sanctions losses, so there is no need for China to create foreign exchange now.

3. Excessive foreign exchange reserves have also caused investment losses, which is highlighted by the fact that China, as the largest creditor country in the world, has been in a deficit state for a long time, and excessive US dollar reserves are also facing a higher risk of depreciation.