Type “People’s Bank of China” into your favorite search engine and go to the English versions of the Web site. Under “Statistics,” find the Balance Sheet of the Monetary Authority. Calculate the...

Type “People’s Bank of China” into your favorite search engine and go to the English versions of the Web site. Under “Statistics,” find the Balance Sheet of the Monetary Authority. Calculate the growth rate of base money and the growth rate of international assets for the past few years. How much foreign exchange intervention is China doing? Are they sterilizing it?