Reserves Up 15%
Source: Shanghai Daily |
July 12, 2010, Monday
|
Print Edition
Print Edition
CHINA'S foreign reserves reached US$2.45 trillion by the end of June, a 15.1 percent increase year on year, the central bank said yesterday.
But the reserves increased by only US$7.2 billion in the second quarter, far less than the first quarter's growth of US$126.5 billion.
It took China a decade to accumulate its first US$1 trillion in foreign reserves by 2006 but growth skyrocketed as trade boomed.
But the reserves increased by only US$7.2 billion in the second quarter, far less than the first quarter's growth of US$126.5 billion.
It took China a decade to accumulate its first US$1 trillion in foreign reserves by 2006 but growth skyrocketed as trade boomed.
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