Learn mandarin - Forex reserves around 744.6b USD by July

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Forex reserves around 744.6b USD by July

www.chinanews.cn 2005-08-23 14:20:09

Chinanews, Aug. 23 - According to Beijing Morning Post, economists with
the Standard Chartered Bank estimated that China's foreign exchange
reserves would increase 33.6 billion USD in July and the country's total
forex reserves would amount to 744.6 billion USD or so by July.
Statistics show that by the end of June, China's forex reserves totaled
711 billion USD, increasing 51.1% over a year earlier. In the first half
of this year, newly added forex reserves stood at 101 billion USD, 33.7
billion USD higher than the same period last year. In June alone, forex
reserves increased 20 billion USD, rising 8 billion USD over last year's
comparable period.

          ��Forex savings drop by 592m USD in July (2005-08-13)
          ��Soaring forex reserve challenges China's financial strategy
(2005-07-24)
          ��Forex reserves growing, RMB rate stable (2005-07-15)
          ��China's forex reserves likely to rank first (2005-07-15)

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