China's forex reserves reach new high of $3.94 trln   

中國外匯儲備總額接近四萬億美元 再創歷史新高

國家外匯管理局19日公布的2014年第一季度中國國際收支平衡表顯示，中國一季度國際儲備資產增加1255億美元，外匯儲備資產增加1258億美元，以人民幣計價為7698億元。[查看全文]

Beijing (CNS) -- China's foreign exchange reserves grew by $125.8 billion in the first quarter, reaching a record $3.94 trillion, the country's currency regulator said on Thursday.

The State Administration of Foreign Exchange (SAFE) released final balance of payments data on Thursday.

At the current growth rate, the figure is expected to surpass $4 trillion by the second quarter this year. China's reserves have been doubled in the past five years.

Premier Li Keqiang said in May that the reserves had become a headache whose continued rise could stoke inflation in the long term.

Inflation as measured by the consumer price index edged up to a four-month high of 2.5 percent in May but remained well within the government's comfort zone, giving China ample room to step up targeted measures to support the slowing economy.

Guan Tao, head of the SAFE's international payments division, reiterated plans to use some of the reserves for outbound investment and to improve the way it manages the reserves.