Tag: Hot money

capital currency debt crisis economic growth foreign currency reserves foreign direct investment foreign exchange foreign investments GDP Shanghai trade surplus Yuan rate

China Currency Reserves Rise to Record $1.9 Trillion (Videos Added)

From Bloomberg: China’s foreign-exchange reserves rose to a world record $1.906 trillion, helping to strengthen the nation’s finances as the credit crisis threatens to trigger a global economic slump. Currency holdings rose 32.9 percent at the end of September from a year earlier, the People’s Bank of China said on its Web site today. The increase of about $97 billion over the qu