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Strategies & Market Trends : Asia Forum
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To: RealMuLan who wrote (468)1/5/1998 12:25:00 PM
From: RealMuLan   of 9980
 
This is from XinHua News Agency:
DAI Xianglong, the governor of the People's Bank of China, said on Dec. 27, 1997 that it's expected that by the end of this year, China's foreign exchange reserves will exceed 140 billion dollars and its debt ratio will stand at 13.9 percent of gross domestic product, said Dai. Currently only Japan has a higher foreign exchange reserve. Dai added that China's debt ratio is lower than the international standard risk lines.
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