Wednesday, July 11, 2007

China's foreign reserves hit $1.33 trillion

(Reuters) - The central bank said on Wednesday that reserves had grown by $266.3 billion to $1.3326 trillion between January and June, in excess of the $247.3 billion reserves accumulation for the whole of 2006.




Analysts said the jump, which will have intensified upward pressure on the yuan , was largely in line with expectations given a widening in the country's trade surplus in the first six months.


Read more at Reuters.com Business News

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