China's foreign exchange reserves climbed by $130B to $3.44T in Q1, the largest quarterly rise...

|By:, SA News Editor

China's foreign exchange reserves climbed by $130B to $3.44T in Q1, the largest quarterly rise for almost two years. The inflow helped boost credit growth, with total new financing surging 58% on year to 6.2T ($1T). Bank loans rose 16% but those in the "shadow-banking" system, which have caused much concern, more than doubled.