What is the most important factor that affects the increase or decrease of China's base currency? Is it foreign assets or the creditor's rights of the central bank to other deposit companies?

That's a good question. Under normal circumstances, the creditor's rights of the central bank to commercial banks are the most important factor affecting the increase or decrease of the base currency. In China, from 200 1 to 20 13, due to the double surplus of China's international trade, the central bank adopted exchange rate control and bought and sold foreign exchange in the market to maintain exchange rate stability. Therefore, only during this period, the most important factor affecting the change of China's base currency was foreign net assets. The landlord depends on the limitations in the topic. If it is limited in this period, then it is necessary to choose foreign net assets. If it is unlimited, then according to the general law, the most important factor affecting the change of the base currency is the creditor's rights of the central bank to commercial banks.