01-11-2008, 03:07 PM
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China's reserves hit $1.53 trillion
China's foreign exchange reserves surge to $1.53 trillion - Jan. 11, 2008
Quote:
China's reserves hit $1.53 trillion
Country's central bank says foreign exchange reserves added $461.9 billion last year.
January 11 2008: 7:32 AM EST
BEIJING (AP) -- China's foreign exchange reserves hit $1.53 trillion at the end of 2007, up 43 percent from the end of the previous year, the central bank said Friday.
The bank said in a statement on its Web site that $461.9 billion was added to the country's foreign exchange reserves in 2007.
The reserves come from China's booming trade surplus, which rose to a record $262.2 billion in 2007, the General Administration of Customs said separately Friday.
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