Home>>Business
Last updated at: (Beijing Time) Friday, November 16, 2001

China's Foreign Exchange Deposit Exceeds US$135.6b

China saw big increase in foreign exchange deposits this year. By the end of October, the balance of foreign exchange deposit of Chinese-funded financial institutions in the country had reached US$135.6 billion, an increase of 10.6 percent over the same period of last year. January to October saw a total increase by US$6.9 billion. In October, there was a rise of US$875 million.


PRINT IT DISCUSS IT CHINESE SEND TO FRIENDS


China saw big increase in foreign exchange deposits this year. By the end of October, the balance of foreign exchange deposit of Chinese-funded financial institutions in the country had reached US$135.6 billion, an increase of 10.6 percent over the same period of last year. January to October saw a total increase by US$6.9 billion. In October, there was a rise of US$875 million.

As sources say, by the end of October, the enterprise balance of foreign exchange deposits was US$46.74 billion, up 5.85 percent over the same period of the previous year while January to October witnessed a total increase by US$540 million.

By the end of October, the balance of foreign exchange deposits of citizens hit US$80.4 billion, an increase of 15 percent over the same period of last year. From January to October, it totaled a rise by US$7.07 billion in which October saw a rise of US$1 billion.



By PD Online staff member Du Minghua
    Advanced

China's Forex Deposits Keep Rising

China's Forex Deposits Continue to Grow