Gold and foreign exchange reserves of China have antirekord growth.

International reserves (ZVR) of China rose in the first quarter of 2009 to 7.7 billion dollars, which is the worst figure for the past eight years. Reported Bloomberg referring to the data Central Bank of China. Slowing growth in reserves, which by April 1, reaching 1.9537 trillion dollars, was due to the sharp decline in export earnings in the country.
In the first quarter of 2009, China's trade balance surplus fell by 45 per cent. In addition, more than a quarter of reduced foreign direct investment. As a result, in January and February, there was a decline in ZVR at 34 billion dollars. In March, the reserves began to grow again.
The modest growth performance ZVR can drastically reduce the purchase by China of American government obligations. Meanwhile, the U.S. government needed funds to cover the record budget deficit, which is less than half a year came close to a trillion dollars. According to experts, because of the insufficient number of tools at the disposal of China's sales of new gosobligatsy United States may encounter difficulties. Now China is the biggest U.S. creditor, holding U.S. commitments amounting to nearly 740 billion dollars.
With such large sums, the Chinese Government is trying to acquire control of foreign assets, especially in the commodity area. In particular, the Chinese goskompanii invest in 2009 approximately 21 billion dollars in the Australian mining industry. China also offered Russian oil companies Rosneft and Transneft a loan totaling 25 billion dollars in exchange for assurances of supply of oil within the next 20 years.
By volume ZVR China is in first place in the world. The second line in this list took Japan, whose reserves amount to about half of the Chinese. Third place in Russia - 388 billion dollars. It should be noted that Russian ZVR reduced as a result of the global economic crisis as much as 40 percent.