China's forex reserves reach new high of $3.94 trln   

中国外汇储备总额接近四万亿美元 再创历史新高

国家外汇管理局19日公布的2014年第一季度中国国际收支平衡表显示，中国一季度国际储备资产增加1255亿美元，外汇储备资产增加1258亿美元，以人民币计价为7698亿元。[查看全文]

Beijing (CNS) -- China's foreign exchange reserves grew by $125.8 billion in the first quarter, reaching a record $3.94 trillion, the country's currency regulator said on Thursday.

The State Administration of Foreign Exchange (SAFE) released final balance of payments data on Thursday.

At the current growth rate, the figure is expected to surpass $4 trillion by the second quarter this year. China's reserves have been doubled in the past five years.

Premier Li Keqiang said in May that the reserves had become a headache whose continued rise could stoke inflation in the long term.

Inflation as measured by the consumer price index edged up to a four-month high of 2.5 percent in May but remained well within the government's comfort zone, giving China ample room to step up targeted measures to support the slowing economy.

Guan Tao, head of the SAFE's international payments division, reiterated plans to use some of the reserves for outbound investment and to improve the way it manages the reserves.