(MENAFN- Qatar News Agency) Ijing june 15 (qna) - china's foreign exchange reserves have risen to around 4 trillion u.s. dollars said a foreign exchange official.
the figure was up from 3.95 trillion u.s. dollars at the end of march and was more than triple the amount for japan the world's second largest holder of forex reserves according to china's state administration of foreign exchange .
the administration said from 2001 to 2013 china's forex reserves grew by 3.7 trillion u.s. dollars while the country's current account surplus and capital inflow through direct investment together totaled 3.8 trillion u.s. dollars according to china's (xinhua) news agency.
this indicates that china's forex reserve surge is mainly a result of real economic activities instead of hot capital inflows.
china is trying to make good use of the mounting deposit and will also encourage companies to invest more overseas to diversify the reserve structure and offset financial risks. (qna)
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.