Adventurer
Joined: 28 Jan 2006
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 Posted: Mon Nov 06, 2006 6:51 pm Post subject: China Reserves Teach $1 trillion |
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China reserves reach $1 trillion
China says its foreign exchange reserves have reached $1 trillion - a milestone in its economic development.
The huge wealth is a result of China's trade surplus, with the imbalance especially marked with the US.
The sum is the largest holding of foreign exchange reserves in the world and exceeds the annual amount of economic activity in most nations.
http://news.bbc.co.uk/2/hi/business/6120906.stm |
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