China’s foreign exchange reserves hit $3.4tn
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Breaking news
Thursday April 11 2013
Breaking News
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.
http://link.ft.com/r/8P1R88/3CXQD6/5CJLMI/L9KPOH/PNAX0N/T3/h?a1=2013&a2=4&a3=11
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