China forex reserves

China’s foreign exchange reserves rose to $1.76 trillion at the end of April, state media reported yesterday, reaching a level higher than the rest of Northeast Asia’s combined. China’s reserves, by far the largest in the world, expanded by another $74.5bn during April, the China Business News reported, equivalent to about $100m every hour.
It is possible that one day China’s forex reserves might even top those of all other Asian countries combined, according to Brian Mak, a Hong Kong-based economist with Core Pacific Yamaichi.
Much of the money represents investment inflows, and the economic conditions are much better in China than other Asian countries such as India,” he said. “It will continue to expand unless the government does something to curb the inflows,” he said.