That suggests that foreign exchange policy will be considered only in the wider policy context, something which Beijing has always insisted should be the case in response to Western criticism.There was no direct mention of foreign exchange reserves. China holds the largest amount, at more than US$2.5-trillion-one of the major global imbalances that has to be resolved, according to the United States and Western powers.French President Nicolas Sarkozy had warned that failure to put aside national interests and reach a deal would kill off the G20.