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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

China currency reserves: Biggest bubble of all time?

Posted on 08 February 2010

From Seekingalpha.com: The People’s Bank fo China continues to amass huge levels of foreign currency reserves with little attention paid. Those reserves totaled $2.4 trillion as of December 2009, which is larger than the GDP of Italy, the world’s 7th largest economy.
China’s reserves are growing at about $400 billion per year, roughly adding Norway’s economy to their reserve surplus every year…………………………………Full Article: Source

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