Meanwhile, China's foreign exchange reserves swelled to record levels in December, up 23% from a...

|By:, SA News Editor

Meanwhile, China's foreign exchange reserves swelled to record levels in December, up 23% from a year ago to $2.4T. Chinese banks extended 379.8B yuan ($55.6B) in new loans, taking the annual total to an unprecedented 9.59T yuan, and stoking further fears of an asset price bubble. (ETFs: FXI, PGJ)