China forex up US$57b in February


  • Business
  • Saturday, 22 Mar 2008

BEIJING: China’s foreign exchange reserves jumped US$57.3bil in February to US$1.65 trillion, almost matching January’s surprising leap of US$61.6bil, sources said. 

The figure will fan talk of a continued surge in speculative hot money coming into China because the increase is more than three times greater than February’s combined inflows from the trade surplus and foreign direct investment (FDI). 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read