China Foreign Reserves Hit $2.45 Trillion
By wchung | 04 Apr, 2025
China’s foreign reserves reached $2.45 trillion dollars by the end of June, a 15.1 percent increase year on year, the central bank said Sunday.
However, its reserves increased by only $7.2 billion in the second quarter, a sharp drop from the first quarter when it grew by $126.5 billion, according to the People’s Bank of China.
The reserves are closely watched in the United States, where China recycles its trade surpluses by buying Treasury securities and other government debt.
It took China a decade to accumulate its first $1 trillion in foreign reserves by 2006 but growth skyrocketed as trade boomed and the total passed $2 trillion last April. It surged to $2.4 trillion by the end of 2009.
China is the U.S. government’s biggest foreign creditor but has trimmed its Treasury holdings by several billion dollars in recent months.
BEIJING (AP)
Articles
- Young Asian Americans Find Side Hustles Alternative Paths to Success
- Beauty Guru Yasmine Topacio Demos Routine for Gorgeous East-West Blend
- Alexandr Wang Makes Anti-China Waves As World's Youngest Self-Made Billionaire
- Asian Americans Underperform in Crime with One Big Exception
- Orange County Indian Mom Slashes Son’s Throat After Amusement Park Spree
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals