China reserves hit $2.7 trillion

[Ah Hai]

BEIJING - CHINA'S central bank says the country's foreign exchange reserves reached US$1.905 trillion (S$2.77 trillion) at the end of September.

Reserves grew by US$21.5 billion last month, the bank said on Tuesday, amid China's growing global trade surplus.

Reserves grew by US$377 billion over the first three quarters of the year, US$10 billion more than in the first nine months of last year, the central bank announced.

Chinese customs on Monday said the trade surplus totaled US$180.9 billion in the year through September, narrowing 2.6 per cent from the same period a year earlier.

Economists have warned export growth could slow radically however as demand slips in the key European and U.S. markets as a result of the global credit crisis. -- AP

 

[Neh_Neh_Pok]

Not surprising, they're developing fast and thats the reason why Lao Lee keep carry their balls everytime

 

[makapaaa]

Not surprising, they're developing fast and thats the reason why Lao Lee keep carry their balls everytime

Now China also bo hiew him already after realizing that he's nothing more than some hollow fart. Doo lan, he goes to kar cheow India. Scaly kena fored to smell armpits till his heart flutters again.

 

[Neh_Neh_Pok]

he goes to kar cheow india. Scaly kena fored to smell armpits till his heart flutters again.

lol~ lol~ lol~

 

[Neh_Neh_Pok]

Now China also bo hiew him already after realizing that he's nothing more than some hollow fart

They must be thinking "why this 老头子 so poor thing, so old liao still need to travel so far here to work, his son really a 不孝子"

See? The Pees encourage sinkies to retire later and let other country pple point and laugh at

 

[jw5]

BEIJING - CHINA'S central bank says the country's foreign exchange reserves reached US$1.905 trillion (S$2.77 trillion) at the end of September.

Reserves grew by US$21.5 billion last month, the bank said on Tuesday, amid China's growing global trade surplus.

Reserves grew by US$377 billion over the first three quarters of the year, US$10 billion more than in the first nine months of last year, the central bank announced.

Chinese customs on Monday said the trade surplus totaled US$180.9 billion in the year through September, narrowing 2.6 per cent from the same period a year earlier.

Economists have warned export growth could slow radically however as demand slips in the key European and U.S. markets as a result of the global credit crisis. -- AP

How much of this is in US Treasury Bills?
I guess that the US owe China "big time".

 

[VIBGYOR]

BEIJING - CHINA'S central bank says the country's foreign exchange reserves reached US$1.905 trillion (S$2.77 trillion) at the end of September.

ah they have learned from SGP....

when the govt. is rich, the people are poor!

when the people are rich, the govt is poor!

...LOL...