Article: China's colossal foreign exchange reserves arouse debate

China's colossal foreign exchange reserves arouse debate

BEIJING, Oct. 29 (Xinhua) -- China's foreign exchange reserves will burst the 1 trillion U.S. dollar barrier at the end of October or early November, experts have predicted, triggering discussion across the country.

The People's Bank of China, or central bank, announced two weeks ago that China held 987.9 billion U.S. dollars of foreign exchange reserves at the end of September, up 28.46 percent year-on-year. The country's foreign exchange reserves rose by 18.77 billion U.S. dollars monthly in the first nine months this year.

The central bank will make a new announcement about China's foreign exchange reserves in January 2007. ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!