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How are China's foreign exchange reserves formed? For example, Guangdong enterprises export, and the profits belong to those enterprises. Why does it become a national foreign exchange reserve?
The foreign exchange reserves we heard did come from enterprises. For example, if you are a business owner, your income from exporting products to the United States this year is $65,438+0,000, but in China, dollars cannot be directly used for payment. You must convert this 1 000 USD into RMB, which means that the country will use RMB to buy the USD you earned, so that your USD profit will become RMB, and the USD you earned will become the foreign exchange reserve of the country.