Notice of RetractionAn empirical study on China´s foreign exchange reserve

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Foreign exchange reserve is a government´s international reserve assets held in foreign currency, and is an important component of economic strength of a country. However, according to economic theory and experience of other countries, foreign exchange reserve of a country is not “the more, the better”. On the basis of classical theories and previous studies, we tried to study the main economic factors influencing the scale of foreign exchange reserve, and then established a model which related the scale of foreign exchange reserve to these economic factors. Based on the model and China´s economic data, the simulation was done, and the moderate scale of China´s foreign exchange reserve was given. Some suggestions on the policy of China´s foreign exchange reverses were given at the end of this paper.