China currency reserves top Japan's - report

China overtook Japan to become the world's largest holder of foreign-exchange reserves, the state-owned China Business News said, citing unidentified sources.

The reserves stood at $853.7 billion on Feb. 28, compared $845.2 billion on Jan. 31 and Japan's $850.1 billion in reserves, the newspaper said.

The figure has yet to be confirmed by the central bank, said the paper, a venture between the Shanghai government and two media groups. An official at the People's Bank of China declined to comment

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