The $3-trillion is foreign exchange reserves China has accumulated from running massive trade surpluses with various countries.
They may blow some of those reserves on failing pet projects, but that just bolsters the point of the article: that it's nearly impossible to spend this money, let alone intelligently.
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Yeah, I don't understand your comment, either.
The $3-trillion is foreign exchange reserves China has accumulated from running massive trade surpluses with various countries.
They may blow some of those reserves on failing pet projects, but that just bolsters the point of the article: that it's nearly impossible to spend this money, let alone intelligently.