Mon, April 12, 2010
Business > Markets

China's forex reserves rise to $2.45 trillion

2010-04-12 11:21:17 GMT2010-04-12 19:21:17 (Beijing Time)  Xinhua English

BEIJING, April 12 (Xinhua) -- China's foreign exchange reserves hit a new high of 2.4471 trillion U.S. dollars by the end of March, up 25.25 percent year on year, the People's Bank of China (PBOC), the central bank, announced Monday.

China's foreign exchange reserves increased by 47.9 billion U.S. dollars in the first quarter, 40.2 billion U.S. dollars more than that of the same period last year, the PBOC said in a statement on its website.

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