Resource strategy: The lack of reserves as far as possible

What should China do in the context of a global currency competitive exchange rate conflict? And for the first time, the Twelve-Five plan used a term called "active participation in global economic governance", which was not previously available. How should I participate?　　From what perspective? Is it feasible to increase the reserve of gold? Because the global market for gold is very small in size, only China's gold reserves, do not say that 2% of the gold reserves to 5%, is added to 3%, may be the price of gold will be a few steps, so please talk about the changes in post-crisis era, the impact of China, you as a local researcher, Ding Anhua,　　What do you think? Bashusong: Ding Anhua, chief economist of China Merchants Securities, said: The Chinese are faced with two problems to be actively involved, they must first know their position in the global situation. Now China is in the most important and extreme position at one end of the emerging world. The important point is that China's rapid economic growth, the importance of global economic growth is very strong. The extreme is that it represents a trade imbalance.　　At the same time, the current international economic situation is the recent round of US monetary QE, so that the emerging countries face two risks, one is the appreciation of the currency, the second is asset price bubbles. No offense. I think this problem is two strategies, the first is aggressive strategy. The so-called enterprising strategy is that we should actively enter into the rules of global economic governance, voting, formulation, not too low-key.　　At the same time we have to take some more positive response measures, such as our interest rate hike the day before yesterday, is a response to quantitative easing in the United States. We will of course have to take defensive measures, such as the current lack of resources should be as far as possible to reserve. This will answer questions about gold. From the past years of experience, the world's central bank is mainly a seller, will not buy. And I reckon the price of gold will rise to a point where European central banks may sell gold to solve their debt problems.　　So be careful, but we can accumulate through our own gold production and exploitation. Ding Anhua