Summary
China's foreign exchange reserves, the largest in the world, grew at the lowest rate in eight years in the first quarter as export markets cooled and foreign capital inflows slowed. The rapid loan growth boosted first-quarter lending to 4.58 trillion yuan. Automobile sales in China grew by 5% year-on-year to a record-high 1.11 million units in March, making China the world's largest car market for the third straight month. Government policies offering tax breaks and subsidies for small-car purchases helped produce the strong sales numbers.
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China
China's foreign ex- change reserves, the largest in the world, grew at the low- est rate in eight ye...
See the full content of this document
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