China's forex reserves exceed Japan's
NEWS
China's government has been steadily increasing forex reserves, and some analysts have predicted that they will reach US$1 trillion this year. But Claudio Piron, an FX strategist with JP Morgan in Singapore, said the numbers will not have an immediate overall market affect.
"The significance of this is obviously that there has never historically been a developing country with such a wealth of reserves, and China is developing quickly," said Piron. "But the dollar won't collapse as a result of
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