This is due to a surplus in foreign trade and the continuing inflow of foreign investment. The rise in reserves has contributed and revaluation of the euro and the yen, which, along with the U.S. dollar is the reserve currency of the PRC.

Last year, China”s foreign exchange reserves increased by 23,28% and amounted to $ 2.4 trillion. According to China”s central bank for 12 months of 2009 China”s foreign exchange reserves grew by $ 453.1 billion, up $ 35.3 billion increase compared with results in 2008 only in the fourth quarter of 2009, China”s foreign exchange reserves increased by 126 , 6 billion, and in December - 10,4 billion

China, by far, leads the top three countries with the largest foreign exchange reserves in the world. According to recent data, the second largest foreign exchange reserves remained Japan, whose accumulation at the end of December totaled $ 1.049 trillion. In the three leaders on this indicator also includes Russia and foreign exchange reserves of $ 440.9 billion in 2008-2009. Russia”s reserves fell by $ 38 billion, as compared with the peak reached in August 2008, they collapsed by more than $ 150 billion for comparison: foreign exchange reserves in Ukraine in 2009 decreased by 16% - from $ 31.5 billion to $ 26,5 billion at the end of December 2008

China”s reserves have increased primarily due to a surplus in foreign trade, as well as the continued inflow of foreign investment in the country. Build up foreign exchange reserves in 2009, China has helped increase the value of national assets against the background of active recovery of the economy, that attracted foreign investors in China. In December 2009 the volume of foreign direct investment in China totaled $ 12.1 billion, up 103% over same period in 2008 also contributed to the increase in revaluation reserves of the euro and the yen, which, along with the U.S. dollar is the reserve China”s currency.

China”s foreign exchange reserves grew by buying People”s Bank of United States dollars entering the country from a significant export of goods and investment flows. People”s Bank of China has bought up most of the dollar income from foreign trade and foreign direct investment to support the low rate of the yuan against the U.S. dollar. This factor has become a major increase in reserves. Because of this, the money supply in December 2009 increased by 27,7% compared to the same month in 2008 Chinese authorities in 2009, kept the national currency stable at 6.83 yuan per U.S. dollar. In the previous three years, China”s currency rose by 21%. It is expected that in 2010, the yuan will start to grow again, increasing by 5%, to 6.5 yuan per U.S. dollar.

Structure of China”s foreign exchange reserves is a state secret, but experts estimate that about 70% of China”s foreign reserves are placed in dollar assets (mainly in U.S. treasury bills and bonds of U.S. federal agencies), others - in euros, Japanese yen. Recently, China is also trying to increase the share of gold in their reserves, since the Chinese government fears that risky fiscal and monetary policy the U.S. will lead to a significant drop in the dollar and the devaluation of currency reserves. At the same time, the volume of gold reserves in China up to 2009 remained at 33.89 million ounces.

in 2009, China became the new first position in the global economy. So the first time in modern history, China became the largest export nation in the world, surpassing Germany. In the first 11 months of 2009, China”s exports totaled $ 1.07 trillion., Although decreased due to weak demand for Chinese goods abroad. Export of Germany, the EU”s largest economy, fell to $ 1.05 trillion. (EUR734, 6 billion). According to the World Trade Organization in January-June last year, China exported goods to $ 521.7 billion (Germany - at $ 521.6 billion).

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