China foreign exchange reserves swell
12-04-2009
China's central bank says its foreign exchange reserves rose 16 percent year-on-year to US$1.9537 trillion by the end of March.
In March itself, the reserves increased by $41.7 billion, $6.7 billion more than the same period last year.
In a notice on its Web site, the People's Bank of China said the reserves, already the world's largest, increased by $7.7 billion in the first quarter - $146.2 billion less than the same period last year.
That rise was substantially less than the fourth quarter increase of almost $45 billion.
