- Registration time
- Last login
- Online time
- 2193 Hour
- Reading permission
Since 2002, China’s foreign exchange reserves increased by 11 times|
From 2002 to 2012 China’s foreign exchange reserves increased by 11 times. Now they have reached $ 3.24 trillion. According to official statistics, ten years ago, this index was $ 286.4 billion
In February 2006, China was first in the world in terms of foreign exchange reserves, ahead of Japan. That same year, the Chinese foreign exchange reserves exceeded $ 1 trillion. In June 2009, they crossed the mark of $ 2 trillion, and in March 2011 – of $ 3 trillion.
It was also reported that the volume of China’s foreign exchange reserves reached $ 3.24 trillion by the end of June 2012. They fell over the same period of the end of March 2012, when the country’s foreign exchange reserves stood at $ 3.305 trillion.
In the first three months of 2012, the volume of China’s foreign exchange reserves rose to $ 123.852 billion as compared to last year. At the end of 2011 the country’s foreign exchange reserves reached 3.181 trillion. However, for the period October-December 2011, the Chinese reserves fell by $ 20.6 billion in annual terms.
Recall that according to data dated the February 2012, China’s foreign exchange reserves in terms of national currency reached 25.524 trillion yuan. During this February, this index rose to 25.115 billion yuan. China’s foreign exchange reserves in February of this year increased by only 18% compared with January. By the end of January 2012 China’s foreign exchange reserves reached 25.499 trillion yuan ($ 4 trillion). During the first month of 2012, the reserves increased by $ 140.922 billion yuan. In January, China’s currency reserves increased thanks to the influx of investment, followed by trade surpluses and a revaluation of the Chinese yuan.