Country loses $271b from debt holdings
By Wang Xiaotian | China Daily | Updated: 2011-05-06 07:46
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A bank employee counts US dollars in Nanjing. By the end of March, China's foreign reserves increased by $197 billion to more than $3 trillion for the first time, a rise of 24 percent from the previous year. Yang Xi / For China Daily |
BEIJING - China suffered a loss of about $271.1 billion on its foreign exchange reserves accumulated between 2003 and 2010, because of the depreciation of the US dollar, said a senior analyst at the National Development and Reform Commission (NDRC).
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