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China's forex reserves account for 30% of world total
(People's Daily)
Updated: 2010-02-20 14:38
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China's foreign exchange reserves hit $2.4 trillion, accounting for 30.7 percent of the world's forex reserves, according to foreign media.
It's also understood that China's foreign reserve in 2009 increased by more than 23 percent, equaling nearly 2 times the forex reserves of the G7. As a G7 member, Japan's reserves are about $1 trillion, ranking the second largest country in forex reserves.
According to the survey, among the world's ten largest reserves countries, there are seven countries from Asia. As for the United States, with its $45.4 billion foreign exchange reserves, it is only $2.4 billion more than Nigeria ($43 billion).
