There is more foreign exchange. But to understand China's dilemma-how did China get its foreign exchange reserves? Now foreign hot money is pouring into China. In order to maintain a relatively stable exchange rate, the China government must fully convert RMB into foreign currency, so that the supply of RMB will go up and the foreign exchange reserves will go up. Foreign exchange reserves reflect the world's expectations of China. Once this expectation reaches a certain level, foreign funds will definitely withdraw, so that the China government has to maintain a certain exchange rate and rely on these foreign exchange reserves. Money can be changed into RMB. From this perspective, it is a good thing to have more foreign exchange reserves.