08, July 2006
China Forex Reserves Climb to US $925b
China has seen two months of gains recently which has caused its foreign currency reserve, already the leading such figure in the world, to grow to US $925 billion at the end of May. These findings are reports by state press, which says that the forex reserves rose more than five percent in two months to reach this high watermark. In May the Forex numbers rose by US $30 billion and in April US $19.9 billion. Prior to the growth spurt the Forex reserves in China were at $875.1 billion. China has been the world leader in foreign exchange reserves since February, when it overtook Japan. State press anticipates that China's reserves will top US $1 trillion this year.
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