Thursday, April 12, 2007

UPDATE 2-China's foreign reserves breach $1.2 trillion

(Reuters) - BEIJING, April 12 - China's foreign exchange reserves breached $1.2 trillion in the first quarter after a record quarterly jump, but money supply growth eased slightly in March in response to a government tightening campaign.

The central bank said on Thursday that reserves had swollen by $135.7 billion to $1.202 trillion between January and March, more than half the $247.3 billion reserves accumulation for the whole of 2006.


Read more at Reuters.com Bonds News

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