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China's Foreign Reserves Rise To $2.45 Trillion

Sunday, July 11, 2010 - 8:42 AM
http://hosted.ap.org/dynamic/stories/A/AS_CHINA_FOREIGN_RESERVES?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2010-07-11-03-50-35
It took China a decade to accumulate its first $1 trillion in foreign reserves by 2006 but growth skyrocketed as trade boomed and the total passed $2 trillion last April. It surged to $2.4 trillion by the end of 2009.

China is the U.S. government's biggest foreign creditor but has trimmed its Treasury holdings by several billion dollars in recent months.

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MikeMike327 posts since
Feb 22, 2010
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