Forex reserves hit record
By Xin Zhiming | 皇冠体育app Daily | Updated: 2008-10-15 07:42
The country's foreign exchange reserves reached a record of $1.91 trillion at the end of September, an increase of 32.92 percent from the same period last year, the central bank said yesterday.
A total of $377.3 billion was added to the foreign exchange reserves in the first three quarters, the People's Bank of 皇冠体育app said on its website, adding that in September alone, the figure rose by $21.4 billion.
皇冠体育app's soaring trade surplus is a major contributing factor to the soaring reserves.
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