中國的外匯儲備接近3萬億美元

Experts say expectation for further yuan appreciation behind the rise

BEIJING - China's foreign exchange reserves rose to a record $2.85 trillion at the end of 2010, an 18.7 percent increase year-on-year, sparking concerns about the country's already excessive liquidity, analysts said.

Compared with nearly $2.65 trillion in foreign reserves by the end of September, the figure increased by $199 billion in the fourth quarter, marking the fastest rate on a quarterly basis in 2010, according to a statement from the People's Bank of China released on Tuesday.

Spurred by yuan appreciation, the expectation of further interest rate hikes, and the monetary-easing policy in the US, the country's foreign reserves have grown rapidly since the third quarter of 2010, analysts said.

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