China's forex reserves rise to $2.45 trillion

17:34, April 12, 2010      

Email | Print | Subscribe | Comments | Forum 

China's foreign exchange reserves hit a new high of 2.4471 trillion U.S. dollars by the end of March, up 25.25 percent year on year, the People's Bank of China (PBOC), the central bank, announced Monday.

China's foreign exchange reserves increased by 47.9 billion U.S. dollars in the first quarter, 40.2 billion U.S. dollars more than that of the same period last year, the PBOC said in a statement on its website.

The central bank said in January that China's foreign exchange reserves topped 2.399 trillion dollars by last December.

The central bank did not specify the reasons for foreign exchange reserves rise in the statement.

According to the newly released data, M2 (the broad measure of money supply), added 22.5 percent from a year earlier to 65 trillion yuan (9.5 trillion U.S. dollars) at the end of March. The increase was 3.03 percentage points lower than that of last month.

The narrow measure of money supply, M1 (cash in circulation plus current corporate deposits), increased by 29.94 percent year on year to 22.94 trillion yuan. The increase was 5.05 percentage points lower than that of last month, said the PBOC.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion