China 's FX reserves may reach $1 trln

China's foreign exchange reserves will exceed 1 trillion US dollars eventually, economist and People's Bank of China adviser Yu Yongding said.

Speaking to a business conference, Yu did not say when he expected foreign exchange reserves to reach that level.

China's foreign exchange reserves stood at 769 bln US$ at the end of September this year.

Yu was also quoted in the China Securities Journal as saying that China should expand the floating range for trading the yuan against the dollar, and re

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