| « Previous | Back to contents | Next » |
Money makes the oil flow in
HOME > PAST ISSUE > PERSPECTIVE [Premium content]June 2006
With Beijing keen to dispose of some of its huge foreign exchange reserves, domestic firms are busy drawing up wish lists in anticipation of an international spending spree
China's biggest export for the foreseeable future seems certain to be money. Outflows of capital have topped US$$600 billion over the past three years. A recent HSBC research report suggests that this will swell to US$420 billion annually by 2008, swamping the foreign funds coming into the country. The foreign exchange reserves kitty has now ballooned to a record US$875 billion. That presents a big problem and a bigger opportunity.
Vice Finance Minister Yi Long said at the Asian ...
Vice Finance Minister Yi Long said at the Asian ...
log in to continue reading...
 |
| « Previous | Back to contents | Next » |
To receive the best China business news that the market has to offer,
subscribe to the China Economic Review.
subscribe to the China Economic Review.