Open trading account 
There is a unique symmetry between the United States Federal Reserve and the People’s Bank of China in that each has well over $3 trillion in assets on its balance sheet. But the similarities end at that point. The Federal Reserve acquired about $3 trillion in assets by expanding its balance sheet with the goal to recapitalize the global financial system. In contrast, the trillions in assets held by the People’s Bank of China are from export earnings and trade surpluses registering in the tens…
