Thursday, April 12, 2007

UPDATE 1-China's forex reserves stage record quarterly jump

(Reuters) - BEIJING, April 12 - China's foreign exchange reserves, the biggest stash in the world, surged to $1.202 trillion in the first quarter as money supply growth slowed modestly in response to a government tightening campaign.

The central bank said on Thursday that the reserves had swelled by $135.7 billion between January and March, more than half the nation's $247.3 billion reserves accumulation for the whole of 2006.


Read more at Reuters.com Bonds News

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