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01-14-2005, 06:40 PM
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#1 |
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Join The Royal Family
Join Date: Apr 2002
Posts: 25,463
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China's forex reserves soar to record US$609.9 billion in 2004
BEIJING : China's foreign reserves in 2004 soared to a record 609.9 billion dollars from 403.3 billion dollars in 2003 on the back of strong fund inflows and a burgeoning trade surplus, state press reported.
The official National Business Daily, a newspaper owned by party mouthpiece the Liberation Daily, reported the record 206.6-billion-dollar increase, citing unnamed officials at China's central bank. In 2003, China's reserves rose by a then-record 160 billion dollars. The mainland holds the world's second highest foreign currency reserves after Japan, which in December hit a record 844.54 billion dollars.
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01-14-2005, 06:54 PM
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#2 |
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Adult Locals
Join Date: Jun 2002
Location: West Coast
Posts: 25,450
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thats a lot of money
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01-14-2005, 06:58 PM
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#3 |
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Confirmed User
Join Date: Jun 2002
Posts: 684
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pfft I made 5 times that back in '97
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01-14-2005, 07:50 PM
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#4 |
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Drunk and Unruly
Join Date: Jan 2002
Location: Hollywood
Posts: 22,712
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China is the one to watch in the 21st century.
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I've trusted my sites to them for over a decade... Webair, bitches. |
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01-14-2005, 08:25 PM
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#5 | |
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Join The Royal Family
Join Date: Apr 2002
Posts: 25,463
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Quote:
I miss those days..... 
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01-14-2005, 08:29 PM
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#6 |
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Confirmed User
Join Date: May 2004
Location: Somewhere
Posts: 4,128
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China is getting ready for a world takeover
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The Gay Market Is Where The Money's At! AlleyBucks Is The Queer Eye For Straight Webmaster Guys CCBill Based Affiliate Program With Hosted Galleries  ICQ: 226-359-635 |
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01-14-2005, 08:31 PM
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#7 | |
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Confirmed User
Join Date: Dec 2003
Location: 1123,6536,5231
Posts: 3,397
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Quote:
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01-14-2005, 08:31 PM
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#8 |
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Confirmed User
Join Date: Sep 2003
Location: Los Begas
Posts: 9,162
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Tai hao le!
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01-14-2005, 08:49 PM
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#9 | |
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Join The Royal Family
Join Date: Apr 2002
Posts: 25,463
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Quote:
No it doesn't, capitalism works. Under communism, your not allowed to own private businesses. China has tons of private businesses and I bet Mao is rolling in his grave right now.........
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