Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: RealMuLan who wrote (53874)	10/2/2004 4:09:29 AM
From: Taikun	Read Replies (2) of 74559

Yiwu, Can we revisit this? China's foreign exchange reserves have tripled since 2000. In the first half of this year, reserves shot up another 15 per cent to reach US$471 billion (S$798 billion), fuelled mainly by strong inflows of foreign capital and hot money straitstimes.asia1.com.sg Your figure of $30bn is 7% of China's foreign currency reserves. I either think that is too low or the number you used was low because of the instruments included. I would be very surprised if China's foreign currency reserves were <1/3 USD. I wonder what the real number is and the other components? According to this article, based on trade, it should be about 36% During the January-June period this year, the proportion of China's trade volume with the United States, Japan and Europe to its total trade volume was 36.5 per cent, 28.6 per cent and 37.4 per cent respectively. Obviously, seen from the perspective of foreign trade relations, the US dollar makes up too large a proportion of China's foreign exchange reserves howestreet.com David

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