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IPFS News Link • China

China holds $1.367 trillion dollars in foreign exchange reserves

• news.yahoo.com/s/ap/
BEIJING – China's central bank said Saturday that its foreign exchange reserves rose 16 percent year-on-year to $1.9537 trillion by the end of March.

1 Comments in Response to

Comment by William Klepzig
Entered on:

China does not care about the principal amount they now hold. What they want is the interest money, three to five times that amount that will continue to drain Americas wealth.
What is needed, no should be declared by law ,is every person, industry or commercial firm in America or who has any type of commercial or government business in America has to buy American savings bonds. They all would be required to buy 3% of the gross on that paycheck for bonds each month. What this means is Americans, not China, pays off our debt and more importantly we receive the interest from the bonds. If you can't see that this is a great deal for you and America perhaps you are too uneducated to help run a country!



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