China’s Foreign Reserves hit $1.33 trillion

From Reuters:

China’s foreign exchange reserves, the world’s largest, swelled to $1.33 trillion by the end of the first half on the back of massive trade flows that contributed to an acceleration in money supply growth in June.
The central bank said on Wednesday that reserves had grown by $266.3 billion to $1.3326 trillion between January and June, in excess of the $247.3 billion reserves accumulation for the whole of 2006.

Wow!
I mean it. Wow!

Posted by on July 11th, 2007 at 12:17 pm


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