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Last updated at: (Beijing Time) Friday, November 22, 2002

China's Forex Deposits, Loans Continue to Grow

Statistics released Thursday by the People's Bank of China show that by the end of October, the outstanding foreign exchange deposits in domestic financial institutions had reached 147.54 billion US dollars, increasing by 2.234 billion dollars over the previous month.


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Statistics released Thursday by the People's Bank of China show that by the end of October, the outstanding foreign exchange deposits in domestic financial institutions had reached 147.54 billion US dollars, increasing by 2.234 billion dollars over the previous month.

Of the total forex deposits, corporate deposits accounted for 49.81 billion dollars, and savings deposits stood at 88.47 billion dollars. In the first 10 months of 2002, savings deposits in foreign exchange increased by 6.89 billion dollars.

At the same time, the outstanding forex loans stood at 98.84 billion dollars, increasing by 6.11 billion dollars over the end of last year, according to the statistics.


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