China's foreign currency reserve exceeds 1200 billion us dollars now

@moreinfo (3867)
China
April 13, 2007 12:55am CST
Its reported that china's foreign currency reserve exceeds 1200 billion us dollars now. Seems a lot of venture capital (60 billion usd or more) entered china during the first 3 months of this year betting for the revaluation of the local currency renminbi yuan. Is it good to keep such a large reserve?
2 people like this
2 responses
@mypigbox (2245)
• China
13 Apr 07
That is a key point for the stock market.it go up and up.Do you think so?any shares in the stock market/
@moreinfo (3867)
• China
14 Apr 07
to keep such a huge reserve maybe a burden to the country. not, dont have any shares bought here.
1 person likes this
@mypigbox (2245)
• China
15 Apr 07
Seems you did not get some profit from our stock market.
• China
14 Apr 07
i don't think that is good for china economy. china government should take some measures to deal with this problem.