China’s foreign exchange reserves are close to 3.2 trillion U.S dollars

On July 12, the central bank released data showed that China’s foreign exchange reserves amounted to 3.1975 trillion U.S. dollars in the first half of 2011 with an increase of 30.3%, compared with the same period of last year. Expert familiar with financial information sources told reporters that China’s foreign exchange reserve has exceeded the threshold, the risk has become great, and the pressure may lead to some change of the economic structure. He also pointed out that the new added foreign exchanges in the second half year have almost no possibility to decline.

Caijing

Translated and edited by Peng Bo. He is now an editor of m4.cn. Write to him at pb.bloomberg@gmail.com.

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