For your second question, I did say at the World Economic Forum in Davos this year that we were concerned about China's foreign exchange assets in the United States, because it is China's money.

Third, the fund also calculates the exchange rate that would stabilise the country’s foreign assets and liabilities at a reasonable level.

They have been accumulated by buying foreign exchange mainly to keep its currency weaker and, as such, its foreign assets are matched by domestic liabilities.