China is sitting on $2.27-trillion in official foreign exchange reserves and has net foreign assets equal to 36 per cent of gross domestic product. "Only a handful of highly rated advanced industrial economies, such as Norway, Switzerland, Japan, Hong Kong and Singapore, have a stronger international investment position than China" Mr. Byrne said. A Few Doubts What's more, the 4-trillion yuan ($586-billion) stimulus package that the government is implementing to cushion the crisis is having only a modest effect on China's public finances. Full Article at Globe and Mail