How Did China Build Up Its Reserves?

For many years, China has exported more goods than it has imported. This has led to an increase in its reserves of foreign assets. In this video from the most recent Dialogue with the Fed event, St. Louis Fed Assistant Vice President and Economist Christopher Neely explains the mechanics of how China came to accumulate its significant store of foreign exchange reserves.

• Dialogue with the Fed: Choices for China; Consequences for Us
• On the Economy: Four Things China Could Do to Address Capital Outflows
• Economic Synopses: Chinese Foreign Exchange Reserves and the U.S. Economy