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Gbosa:china’s Foreign Reserves Hit $2,399bn - Politics - Nairaland

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Gbosa:china’s Foreign Reserves Hit $2,399bn by otawa: 2:47pm On Jan 15, 2010
China’s foreign exchange reserves, by far the largest in the world, rose by $126.5bn in the fourth quarter of last year to hit $2,399bn, the country’s central bank said on Friday.

The country’s continued accumulation of foreign exchange is likely to provide ammunition to trading partners that complain the country is pursuing mercantilist policies by keeping its currency pegged at an artificially low rate to the US dollar.

Dragonbeat - Jan-12China raises bank reserve requirements - Jan-13The reserves returned to steady growth in the second half of last year after a period of volatility and even brief decline at the beginning of 2009 caused by currency fluctuations and a collapse in Chinese exports.

For the entire year, China added $453bn to the reserves, $35bn more than the increase in 2008.

The central bank also said on Friday that new local currency bank loans in China increased by Rmb380bn ($56bn) in December, bringing the total amount of new loans issued last year to Rmb9,590bn.

Kudos to China.

Shame for Nigeria. It has instead became a terrorist state.
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by oderemo(m): 2:57pm On Jan 15, 2010
The central bank also said on Friday that new local currency bank loans in China increased by Rmb380bn ($56bn) in December, bringing the total amount of new loans issued last year to Rmb9,590bn.

loans were issued , it generates jobs which has its ripple effects on the economy. in Nigeria loans were issued only to friends and family . was with stanbic for yrs got nothing, oceanic bk , nothing . been with natwest and Barclay's for Yong's , loan yafun yafun. Nigeria na GOD go save us.
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by otawa: 3:56pm On Jan 15, 2010
loans were issued , it generates jobs which has its ripple effects on the economy. in Nigeria loans were issued only to friends and family . was with stanbic for yrs got nothing, oceanic bk , nothing . been with natwest and Barclay's for Yong's , loan yafun yafun. Nigeria na GOD go save us.

true, only way to generate lasting economic activity.

How come we never get it right, all those Bank CEO are well educated. Shocking!!
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by ceejayclas(m): 4:19pm On Jan 15, 2010
How come we never get it right, all those Bank CEO are well educated. Shocking!!

Which University, abi this one wey lecturer tought them corroption by stady demands. th entire system is Bad. In short Average Nigeria Need Overhaul.!!!
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by Nobody: 4:34pm On Jan 15, 2010
So ?
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by otawa: 5:22pm On Jan 15, 2010
~Bluetooth:

So ?

Guess, you have no idea of the importance of huge 'reserve' to economy
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by Nobody: 5:27pm On Jan 15, 2010
Congratulations for knowing the importance of foreign reserves,
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by agabaI23(m): 5:29pm On Jan 15, 2010
How can you add $126bn to $x and get $2.399bn. May be there foreign reserve was in the negative! grin That means Nigeria is a bigger foreign reserve? tongue
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by oderemo(m): 5:32pm On Jan 15, 2010
How can you add $126bn to $x and get $2.399bn. May be there foreign reserve was in the negative! That means Nigeria is a bigger foreign reserve?

that figure supp. to b 2.399trillion not bill. aight. cool cool cool
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by presido1: 5:42pm On Jan 15, 2010
agabaI23:

How can you add $126bn to $x and get $2.399bn. May be there foreign reserve was in the negative! grin That means Nigeria is a bigger foreign reserve? tongue
Its $2,399bn and not $2.399bn.

This thread is shouting Foreign Affairs all over. Why is it here.
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by agabaI23(m): 8:27pm On Jan 15, 2010
presido1:

Its $2,399bn and not $2.399bn.

This thread is shouting Foreign Affairs all over. Why is it here.
Bro in the EU ',' is used also as '.'
Re: Gbosa:china’s Foreign Reserves Hit $2,399bn by Sammy107d(m): 9:04pm On Jan 15, 2010
Must you use everything to spite Nigeria? Nigeria has a history of high reserves, with only Algeria and Libya ahead in Africa.

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