China’s foreign exchange reserves hit $3.4tn


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Financial Times
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Thursday April 11 2013

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China's foreign exchange reserves hit $3.4tn
China is once again facing heavy capital inflows after its foreign exchange reserves posted their biggest quarterly increase since the second quarter of 2011.

Reserves jumped $130bn to $3.44tn – roughly the size of the German economy – in the first quarter, helping to fuel a surge in credit growth amid concerns about the level of debt in the economy.
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