Zhou Says $3 Trillion China Reserves Have Risen Beyond ‘Reasonable' Level

``China's foreign-exchange reserves have exceeded a "reasonable" level and the management and diversification of the holdings should be improved, central bank Governor Zhou Xiaochuan said. Increases in the holdings, which topped $3 trillion in March, are putting pressure on central-bank operations that withdraw money from the financial system, Zhou said after a speech at Tsinghua University in Beijing late yesterday.''