Financial Times FT.com

Capital influx pushes China's foreign reserves past $2,000bn

By Richard McGregor in Beijing

Published: July 16 2009 03:00 | Last updated: July 16 2009 03:00

Beijing's foreign reserve holdings have surged past $2,000bn, as money pours back into China to take advantage of faster economic growth and rapidly inflating asset prices.

The flow of funds threatens to renew pressure for a further revaluation of the renminbi at a time when the government and domestic business are focused on financial stability.

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