Archive for the ‘foreign reserves’ Category

Taiwan holds world’s 4th-largest foreign currency reserves

January 5, 2008

Taipei – Taiwan holds the world’s fourth-largest foreign currency reserves after China, Japan and Russia, the central bank said on Friday. By the end of December 2007, Taiwan’s foreign currency reserves totaled 270.3 billion US dollars, up 221 million US dollars from November, the central bank said. The foreign currency reserves of the other three countries were China’s 1.433 billion (3rd Quarter of 2007), Japan’s 946.1 billion (November) and Russia’s 354.6 billion (November).

Taipei - Taiwan holds the world's fourth-largest foreign currency reserves after China, Japan and Russia, the central bank said on Friday. By the end of December 2007, Taiwan's foreign currency reserves totaled 270.3 billion US dollars, up 221 millio...

 

 
 
 

What if China weighs up the risks to growth?

January 4, 2008

By Alan Wheatley
Reuters
January 4, 2008

China’s growth is strong, its currency is rising and a huge stash of foreign reserves insulates the economy from the sort of external payments crisis that rocked Asia a decade ago.

But that is not keeping economists from playing “what if?”

What if China’s export engine suddenly seized up? What if the resulting overcapacity exposed a new crop of bad bank loans? What if share and property prices plunged, sapping confidence and triggering capital flight that rattled banks and hit the yuan?

Unlikely, yes. Impossible, no.

Stephen Jennings, head of Russian investment bank Renaissance Capital, told Reuters in Moscow that China’s double-digit growth and soaring equities could drop so hard that it would ….

Read the rest:
http://www.iht.com/articles/2008/01/04/business/wheatleygrowth.php