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While China owns $1.954 trillion in reserves U.S. deficit to account for $1.75

April 13, 2009 - 3:00am | Figures | News
While China owns $1.954 trillion in reserves U.S. deficit to account for $1.75

According to the figures provided by the Chinese central bank by the end of March its foreign exchange reserves increased by 16% to $1.9537 trillion on a year-over-year basis. In a notice on its website the bank said that China’s reserves rose by $7.7 billion in the first quarter which is $146.2 billion less than the same period last year.
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central bank | China | Crisis | deficit | economy | recession | reserve | slowdown | U.S.
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