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Send  Print  Share  RSS  Twitter  10 Jul 2009

China’s Currency Reserves May Top $2 Trillion for First Time

By Bloomberg News

July 10 (Bloomberg) -- China’s foreign-exchange reserves probably topped $2 trillion for the first time, drawing attention to the difficulty the government faces in finding places to invest the world’s largest holdings.
The reserves climbed $67.8 billion to $2.022 trillion as of June 30 from three months earlier, according to the median estimate of six economists surveyed by Bloomberg News. That would compare with a $7.7 billion gain in the previous quarter. The central bank may release the number today or next week, based on the timing of previous announcements.
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