Foreign Exchange News
- Forex reserves hit US$1.04 trillion
Date: 15-Jan-2007 Sources: (Shenzhen Daily)
THE country's foreign exchange reserves hit US$1.0387 trillion at the end of November, according to a paper by two researchers at the People's Bank of China (PBOC) that warned of difficulty managing further capital flows into the country.
China's trade surplus will remain huge in 2007 but its growth could slow, the deputy head of PBOC's research department, Jiao Jinpu, and Liu Xiangyun, of the department's monetary policy division, said in the paper, presented to a conference on China's capital markets in Beijing.
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