Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Yao Jingyuan: China's foreign exchange reserves exceed US $2 trillion
+ -
17:03, November 28, 2008

 Related News
 Buying new energy vehicles to be subsidized
 Data from Chang'e-1 shows moon is more spherical than Earth
 Shenzhou VII delegation to arrive in Hong Kong next Friday
 Li Yuchun among top 3 in "China's 50 Most Beautiful People" poll
 China's appliance chain Gome names acting chairman amid police probe
 Comment  Tell A Friend
 Print Format  Save Article
China's foreign exchange reserves currently exceed US $2 trillion, said Yao Jingyuan, chief economist at the National Bureau of Statistics of China, at the China Industry Investment Forum on November 27.

The foreign direct investment China absorbed over the past 30 years has greatly increased. China's foreign exchange reserves have jumped to No.1 in the world. Statistics show that between 1979 and 2007, China's foreign exchange reserves increased by US $1.5267 trillion in total, or an average of US $52.6 billion per year. The reserves grew, especially between 2000 and 2007, by US $1.3627 trillion, up by US $194.7 billion on average per year. Statistics from the State Administration of Foreign Exchange show that, by the end of September this year, foreign exchange reserves reached US $1.9056 trillion, up by 33% year-on-year.

At the forum, Yao also predicted that the growth rate of the consumer price index (CPI) in November and December this year will definitely be lower than 4%. The CPI in October rose by 4% compared with the same period last year, which is the lowest monthly growth rate this year. In addition, at a time when the country continues to launch policies to stimulate economic growth, Yao said "the individual income tax threshold should be raised."

By People's Daily Online



  Your Message:   Most Commented:
Two Chinese sue Apple for patent infringement 
Tensions high in Gaza city
Is Obama going to reshape the American image? 
World's largest pinata unveiled in Philadelphia 
China postpones summit with EU due to French leader's planned meeting with Dalai Lama 

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90882/6542790.pdf