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Foreign reserves hit record high

(China Daily/Agencies)
Updated: 2009-10-15 07:49

China's foreign reserves, already the world's largest, hit a record high $2.273 trillion by the end of September as surging asset prices and the economic recovery attracted investment.

Special Coverage: China Biz & Economic Statistics Related readings:  Forex reserve rises as trade slump eases  China's forex reserve hits record $2.27 trillion  China's forex reserves top $2.13t by end of June

The People's Bank of China said in a report on its website yesterday that the reserves rose about $141 billion between July and September, from $2.13 trillion at the end of June.

China's reserves have ballooned as the central bank has bought dollars generated by its trade surplus and investment inflows. China's economic recovery and gains in the country's currency against the dollar are also attracting outside money.