Analysis on the Impact of the Foreign Exchange Reserves of China on Its Macro Economy

China has the largest foreign exchange reserve in world, but high is a double-edged sword for country. There are two kinds of analysis this. First, China's reserves have far exceeded reasonable scale, which will cause to pay extremely management costs. Second, considerable, this objective demand economy. Sufficient can make occupy favorable position international development. Based on data reserve, debt scale and GDP from 1985 2019, paper analyzes positive negative effects economic By analyzing current situation exchange, author gives some policy suggestions: (1) appropriately reduce reserves; (2) promote reform rate system; (3) system