Home / Statistics Tools: Save | Print | E-mail | Most Read
Surplus in Goods Trade Expands Forex Reserves
Adjust font size:

China's massive foreign exchange reserves mainly came from the sharp increase of surplus in goods trade, according to the latest report from the People's Bank of China.

The hefty rise in goods trade surplus is due to China's improving manufacturing capability and the country's booming exports supported by the robust global economy. said the report of the central bank.

China's foreign exchange reserves reached US$1.066 trillion at the end of 2006.

Surplus in foreign direct investment (FDI) under the capital account decreased slightly as Chinese enterprises sped up overseas investment, said the report.

Figures with the Ministry of Commerce showed China's actual use of FDI totaled US$69.5 billion in 2006, down 4.1 percent year on year.

(Xinhua News Agency February 25, 2007)

Tools: Save | Print | E-mail | Most Read

Related Stories
New Firm to Tap Forex Reserves
Foreign Exchange Reserve Tops US$1 Trillion
Monthly Trade Surplus Hits Record High
Scholar Suggests Ways to Utilize Forex Reserves
Forex Reserves Hit US$925b
Chinese Allowed to Exchange US$20,000 Per Year
China's World-Largest Forex Reserves - Not Just About the Money
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright © China.org.cn. All Rights Reserved     E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号