Wednesday, October 13, 2010

Andolini: Chinese $194bn reserves

The country’s reserves, already by far the largest in the world, increased by $194bn in the past three months to $2,650bn, eclipsing the previous record rise of $178bn in the second quarter of 2009.
Wolf: US will win global currency battle - Oct-12
Opinion: China’s unbalanced growth - Oct-07
Fears of China-US currency war overdone - Oct-12
Beijing targets banks to curb lending - Oct-12
Chinese economy shows signs of stabilising - Sep-12
Chinese economy wins manufacturing boost - Sep-01

The recent strengthening of the euro and yen against the US dollar explains some of the increase because China’s reserves are expressed in dollars but invested in a range of currencies and assets.

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