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To: Maurice Winn who wrote (72865)4/7/2011 1:11:41 PM
From: elmatador  Read Replies (1) | Respond to of 217694
 
"work for low pay making the devices." forex reserves up of $2.8 trillion.

This should be emulated by all countries. Work for low pay. Do not price itself out of the market and dominate world ecohomy.

China's forex reserves up at record high of $2.8 trillion news

01 April 2011

Shanghai: China on Friday revised upwards its foreign exchange reserves for 2010, saying it expanded $469.6 billion, higher than the $448.2 billion reported in January. According to the annual report of the State Administration of Foreign Exchange (SAFE), these revised figures bring China's total forex reserves at the end of 2010 to a record high of $2.869 trillion, as compared with previous estimates of $2.847 trillion.

China already holds the highest forex reserves in the world.