China reserves US$1,5 trillion

BEIJING – China’s foreign exchange reserves, already the world’s largest, reached US$1,455 trillion at the end of October, a senior official said yesterday.

The figure was given by Zhang Xiaoqiang, vice director of the National Development and Reform Commission, China’s leading economic planning agency, on the sidelines of a conference in Beijing. It was up from slightly more than US$1,43 trillion a month earlier.China’s trade surplus, the main factor behind the rising forex reserves, hit a record of US$27,1 billion in October.China’s forex reserves overtook Japan’s to become the biggest in the world in early 2006.Nampa-AFPIt was up from slightly more than US$1,43 trillion a month earlier.China’s trade surplus, the main factor behind the rising forex reserves, hit a record of US$27,1 billion in October.China’s forex reserves overtook Japan’s to become the biggest in the world in early 2006.Nampa-AFP