China's forex reserves rise to $819 bn

China's foreign exchange reserves grew nearly $50 billion in the last quarter of 2005 to reach $819 billion, making it likely China will exceed Japan's reserves by the end of the year.

The increase of $209 billion in China's reserves last year, slightly higher than the $207 billion rise in 2004, came as a soaring trade surplus offset a decline in inflows of speculative capital from investors betting on a revaluation of the Renminbi.

"It's almost certain that China's trade surplus will remain

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