Record level of foreign reserves, China
China's foreign cash reserves more than three trillion dollars (European - Archive)
Increased foreign exchange reserves in China registered a record high of 3.0447 trillion U.S. dollars when they reach the end of March / last March, according to People's Bank of China (central bank).
Thus, China maintains Terbaha first place worldwide in terms of foreign cash reserves, far behind the size of cash reserves for a second-place Japan, which has a total of $ 1.1 trillion of foreign exchange.
China and the achievement of this new level of reserves of foreign exchange to be raised by 24.4% compared to last year.
The money supply growth in China during the last month, higher than previous forecasts, which threatens to aggravate the inflationary crisis in the country and spur the government to further tightening in monetary policy.
During the last month, Chinese banks made new credit facilities in local currency amounted to 679.4 billion yuan (104 billion dollars) in March / March, while money supply rose 16.6% from last year, and both came above market expectations.
The reports said that the Chinese curb the growth of lending and money supply is an important aspect of the government's campaign to control inflation which is likely to reach 5.4% according to estimates by China in the year to March / March to its highest level in 32 months.
Seen from the central bank that has slowed somewhat in the absorption of excess liquidity in the market over the past month after it had made progress at the beginning of the year.
The chief economist at the Chinese affairs with the Bank "Isaiah as the BBC," Zhu Hong of the previous figures show that it is premature for China to move towards easing of monetary policy, considering that the country still need to keep the hardline policy at the current pace in the coming months.
China's foreign cash reserves more than three trillion dollars (European - Archive)
Increased foreign exchange reserves in China registered a record high of 3.0447 trillion U.S. dollars when they reach the end of March / last March, according to People's Bank of China (central bank).
Thus, China maintains Terbaha first place worldwide in terms of foreign cash reserves, far behind the size of cash reserves for a second-place Japan, which has a total of $ 1.1 trillion of foreign exchange.
China and the achievement of this new level of reserves of foreign exchange to be raised by 24.4% compared to last year.
The money supply growth in China during the last month, higher than previous forecasts, which threatens to aggravate the inflationary crisis in the country and spur the government to further tightening in monetary policy.
During the last month, Chinese banks made new credit facilities in local currency amounted to 679.4 billion yuan (104 billion dollars) in March / March, while money supply rose 16.6% from last year, and both came above market expectations.
The reports said that the Chinese curb the growth of lending and money supply is an important aspect of the government's campaign to control inflation which is likely to reach 5.4% according to estimates by China in the year to March / March to its highest level in 32 months.
Seen from the central bank that has slowed somewhat in the absorption of excess liquidity in the market over the past month after it had made progress at the beginning of the year.
The chief economist at the Chinese affairs with the Bank "Isaiah as the BBC," Zhu Hong of the previous figures show that it is premature for China to move towards easing of monetary policy, considering that the country still need to keep the hardline policy at the current pace in the coming months.
