Comments by "Winston Smith" (@kryts27) on "China's $3.5 Trillion Foreign Reserves, Explained" video.

These figures may hold up (in foreign reserves) for China, but like Japan, their economy is getting more and more moribund and stagnant at home. Japan has significant foreign reserve still, but their consumption and goods and services economy at home is not increasing average consumer wealth there. Wages have stagnated in Japan for a long time, so that Japan banks have zero or even negative interest rates. China is now "Japanizing" at higher speed than Japan even did in the 1990s. It might, like Japan, hold significant foreign reserves, but this means nothing to the average person.
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