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Thursday, April 11, 2013

China’s foreign exchange reserves hit $3.4tn

China’s foreign exchange reserves hit $3.4tn China is once again facing heavy capital inflows after its foreign exchange reserves posted their biggest quarterly increase since the second quarter of 2011.

Reserves jumped $130bn to $3.44tn – roughly the size of the German economy – in the first quarter, helping to fuel a surge in credit growth amid concerns about the level of debt in the economy.
http://link.ft.com/r/5F39HH/EKFL3W/HDKQA6/ORILV8/PNAX0N/T3/h?a1=2013&a2=4&a3=11

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