China's foreign exchange reserves grew by $367 billion in the first nine months, $25 billion last month, making the total $1.43 Trillion – up 45% over last year.

Correct me if I am wrong, but doesn't this mean that China has a whole lot of money just sitting there?

Because of its soaring trades surplus?

And the country plans to do what with these funds?

Buy North Korea maybe?

The end of month, Beijing established the China Investment Corporate Ltd. (CIC) which will invest in overseas financial markets with a registered capital of $200 billion.

And, what about the other $1.2 trillion?

If nothing else good has come out of China's huge forex reserve, the RMB parity rate has worked it's way down to 7.5114 to $1.

What do you think China should do with the huge forex reserve?

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