July 29th, 2007, 7:14 pm
Does anyone have do research or this issue? On the one hand, the trade surplus is not so big for China overall, I suspect that a lot of foreign money comes to China, but they have to be converted to RMB, so the Foreign exchange reserve soared there. However, it may be hard for folks to get the money outside of the country, right?Monetary Authorities with the largest foreign reserves in 2007. Rank Country/Monetary Authority billion USD (end of month) 1 People's Republic of China $1333 (June) [1] 2 Japan $914 (June) Eurozone $440 (May) 3 Russia $413 (July 20) [2] 4 Taiwan $266 (June) 5 South Korea $251 (June) 6 India $222 (July 20) [3] 7 Brazil $155 (July 26) [4] 8 Singapore $144 (June) 9 Hong Kong $136 (June) 10 Germany $115 (June)