State TV reports China's reserves top 1trn USD

China's foreign exchange reserves have topped the 1.0 trillion US dollar level, state television CCTV said on Monday 6 November.

The report cited the latest figures from the State Administration of Foreign Exchange (SAFE), but did not specify when reserves had reached the 1.0 trln usd level.

It has been widely expected that the figure hit the 1 trillion mark soon, particularly as SAFE said that reserves hit 987.9 bln usd at the end of September.

The report is likely to renew the argument over