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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China foreign reserves continue to surge ever higher: $2.27 trillion

Posted on 20 October 2009

From Forexhound.com: China’s foreign-exchange reserves, the world’s biggest, surged as an economic recovery attracted speculative capital and a weak dollar boosted valuations of its yen and euro assets.

The holdings climbed about $141 billion in the third quarter to a record $2.273 trillion, the People’s Bank of China said today on its Web site. That was less than the unprecedented $178 billion gain in the second quarter…………………..Full Article: Source

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