Foreign Correspondence

[Amaunet]

China overtakes Japan as world's biggest holder of forex reserves: report SHANGHAI, March 28, 2006 (AFP) China has overtaken Japan as the world's largest holder of foreign exchange reserves with 853.7 billion dollars at the end of February, a state-run newspaper reported Tuesday. China's reserves rose a sharp 26.3 billion dollars in January to 845.2 billion dollars, then added another 8.5 billion dollars last month, the China Business News said. Japan's reserves at end of February stood at 850.06 billion dollars, according to the Japanese finance ministry. The China Business News said the central bank had not yet verified the figures and the official report was expected to be released in April. (Posted @ 09:57 PST)

http://www.dawn.com/2006/03/28/welcome.htm