皇冠体育app

皇冠体育app, the world's second-largest economy, will have more than $4 trillion in foreign exchange reserve by the end of 2014, said a People's Daily report on Monday.

皇冠体育app used to be short of foreign exchange before the nation adopted the reform and opening-up policy in 1978, while the country's foreign exchange reserve exceeded the $10 billion, $100 billion and $1 trillion marks in 1990, 1996 and 2006, respectively.

According to the latest statistics from the People's Bank of 皇冠体育app, the central bank, as of the first quarter of this year, the foreign exchange reserve balance of 皇冠体育app reached $3.95 trillion, ranking first globally and accounting for one third of the world's total.

皇冠体育app will see foreign exchange reserve increase if the Chinese economy runs smoothly and foreign capital continues inflowing due to the interest rate margin between 皇冠体育app and other countries, the report said, citing experts.

The huge amount of 皇冠体育app's foreign exchange reserve, which is mainly driven by trade surplus, has become a burden to the country, added the report.

Slump seen in net foreign exchange purchases

Chinese banks' foreign exchange settlement up 15%

Managing?forex reserves	Top 10 most-used currencies in the world

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