China Financial Daily

China’s forex reserves near $2.4 trln
BEIJING, Jan. 15 (Xinhua) — China’s foreign exchange reserves almost hit 2.4 trillion U.S. dollars by the end of 2009, up 23.28 percent year on year, the People’s Bank of China, the central bank, announced on Friday.

China might become top world exporter, but weakness remains

BEIJING, Jan. 10 (Xinhua) — China will probably overtake Germany to become the world’s largest exporter though its exports in 2009 had fallen 16 percent from a year earlier, according to figures released Sunday by the General Administration of Customs (GAC).

But Chinese experts and officials said the country was far from being a real trade power if measured by exports structure, technological innovation and industry competitiveness. Full story

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