http://www.chinadaily.com.cn/bizchina/2010-02/20/content_9477391.htm



China's forex reserves account for 30% of world total
(People's Daily)
Updated: 2010-02-20 14:38 


China's foreign exchange reserves hit $2.4 trillion, accounting for 30.7 
percent of the world's forex reserves, according to foreign media.


It's said that with the recovery of the global economy in 2009, the national 
foreign exchange reserves will also see a significant rise. According to 
statistics, China's foreign reserve occupied 30.7 percent of total global 
reserves. BRIC countries (China, Russia, Brazil and India) are very much at the 
forefront, with $3.31 trillion reserves, accounting for 42.3 percent; while the 
G7 have only account $1.24 trillion. 

It's also understood that China's foreign reserve in 2009 increased by more 
than 23 percent, equaling nearly 2 times the forex reserves of the G7. As a G7 
member, Japan's reserves are about $1 trillion, ranking the second largest 
country in forex reserves.

According to the survey, among the world's ten largest reserves countries, 
there are seven countries from Asia. As for the United States, with its $45.4 
billion foreign exchange reserves, it is only $2.4 billion more than Nigeria 
($43 billion).

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