As at March 2007, China's total stock of foreign exchange reserves, already the world’s largest before, surged to $1,202bn.
Focused on China’s foreign exchange reserves scale, this paper analyzes the existing issues of the surplus and usage of China's FER; it also puts forward some suggestions on how to control the FER’s scale as well as how to decrease an excessive FER on the view of the financial stock and increment.
I'd appreciate it very much if you would proofread the passage for me.
Many many thanks in advance.