China's reserves hit $1.53 trillion

http://money.cnn.com/2008/01/11/news/international/china_reserves.ap/index.htm?postversion=2008011107

China's reserves hit $1.53 trillion

Country's central bank says foreign exchange reserves added $461.9 billion last year.

January 11 2008: 7:32 AM EST

BEIJING (AP) -- China's foreign exchange reserves hit $1.53 trillion at the end of 2007, up 43 percent from the end of the previous year, the central bank said Friday.

The bank said in a statement on its Web site that $461.9 billion was added to the country's foreign exchange reserves in 2007.

The reserves come from China's booming trade surplus, which rose to a record $262.2 billion in 2007, the General Administration of Customs said separately Friday.

...And I was feeling sorry for them....they invested 3 billion in blackstone and now that 3 billion is worth 2 billion. 1 billion lost in a few months. But that 1 billion loss is nada when you have a trilly

every billion counts

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That's big! Billion is still billion. I think by investing you really risk a lot. Well welcome to the dog eats dog world

Give it ten years and China will be THE superpower in this world, without a doubt

Either will be a great supertpower or will crash and burn with their social problems.. money cant fix everything.
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