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.

thats a lot of money

pfft I made 5 times that back in '97

China is the one to watch in the 21st century.

I miss those days..... :( :( :(

China is getting ready for a world takeover

Communism works.

Tai hao le! :thumbsup

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.........