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China's Foreign Reserves Rise To $2.45 Trillion

Sunday, July 11, 2010 - 8:42 AM
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.

MikeMike327 posts since
Feb 22, 2010
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