The world has been all in China and their foreign currency policies for some time, and the Western world has paid especially close attention. And the United States has led the charge to encourage China to become more liberal in their foreign currency policies and has witnessed their efforts being rewarded in small ways. One of the reasons why China's monetary business is so important to the global economy is that their foreign exchange reserves are anticipated to hit $2.49 trillion in the year 2010. This is according to Shanghai Securities News, which cited Zhang Shuguang a professor at Unirule Institute of Economics in Beijing, an independent outfit.