China's forex reserves rise to $4 trillion
The figure was up from $3.95 trillion at the end of March, and was more than triple the amount for Japan, the world's second largest holder of forex reserves, according to the administration.
Guan said from 2001 to 2013, China's forex reserves grew by $3.7 trillion, while the country's current account surplus and capital inflow through direct investment together totaled $3.8 trillion. This indicates that China's forex reserve surge is mainly a result of real economic activities instead of hot capital inflows, Guan said. ■