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China's forex reserves bigger than G-7 combined

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posted on Jun, 2 2008 @ 10:54 PM
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China's forex reserves hit 1.76 trillion dollars this april.according to economic experts,this figure is already bigger than all the G-7 (group of seven industrialized nations of the world, Canada ,France, Germany, Italy, Japan, United Kingdom, United States of America)combined,and is still recreasing at the speed of 10 millions dollars per hour.




SHANGHAI (AFP) - China's foreign exchange reserves rose to 1.76 trillion dollars at the end of April, state media reported Monday, reaching a level higher than the rest of Northeast Asia's combined.




China's reserves, by far the largest in the world, expanded by another 74.5 billion dollars during April, the China Business News reported, equivalent to about 100 million dollars every hour.




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