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Tuesday, March 28, 2006

China Currency Reserves Top Japan's, Newspaper Says

The reserves, which doubled in the past two years, rose from $845.2 billion on Jan. 31 and passed Japan's $850.1 billion, the newspaper said. The central bank has yet to confirm the figure, said the paper, a venture of the Shanghai government and two state media groups. A People's Bank of China official declined to comment.

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