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Last updated at: (Beijing Time) Thursday, August 15, 2002

China's Forex Savings Grow Steadily

Statistics released on Thursday bythe People's Bank of China (PBOC) show that by the end of July, the outstanding foreign exchange deposits in domestic financial institutions had reached 144.4 billion US dollars, up 4 percent from the same period last year.


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Statistics released on Thursday bythe People's Bank of China (PBOC) show that by the end of July, the outstanding foreign exchange deposits in domestic financial institutions had reached 144.4 billion US dollars, up 4 percent from the same period last year.

Of total forex deposits, corporate deposits accounted for 48.55billion dollars, while forex savings reached 86.85 billion dollars,up 12.3 percent from the same period last year.

By the end of July, outstanding loans in foreign exchange totalled 98.76 billion dollars, an increase of 8.56 billion dollars over the same period last year.


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