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China foreign currency reserves

 

China is the world's largest nation in terms of foreign current reserves. It topped USD 1066.3 billion or USD 1 trillion for the first time at the end of 2006. China's reserves hit USD 1.528 trillion at the end of 2007, an increase of 43% last year. The amount is more than triple the $408.5 billion estimated by the Asian Development Bank as needed for the country to guard against external shocks.

 

This added pressure to the Chinese government to let Yuan appreciate faster. The Chinese government will face challenges in pushing for a stronger Yuan because of the huge amount of trade surplus, foreign investment and speculative inflow that flooded China's economy trade with cash.

 

Below is the chart of China foreign currency reserves from 1978-1995:

 

China foreign currency reserves

 

Below is the chart of China foreign currency reserves from 1996-2007:

 

China foreign currency reserves

 

 

Related topics:

 

1.   China total import and export trends

2.   Trends of China total exports by trade patterns

3.   Trends of China total imports by trade patterns

4.   Trends of China total exports by business types

5.   Trends of China total imports by business types

6.   China major trade partners and trends of top trade partners

7.   China major export markets and trends of top export market

8.   China major import sources and trends of top import source

9.   Top source regions of China trade surplus and trends

10. Top source regions of China trade deficit and trends

11. Top China exporting provinces and trends

12. Top China importing provinces and trends

13. Top China exporting cities and trends

14. Top exported goods and trends of major exported commodities

15. Top imported goods and trends of major imported commodities

16. China customs taxes for imported goods and export tax rebate

17. China foreign currency reserves and trends

 

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