One reason Asian (exclusive Japan) is not in trouble - Total amount of foreign reserve US$2.814trillion.
Top 1 - China, PRC (US$1.639 trillion) Top 2 - China, Tiawan (US$277 million) Top 3 - Korea (US$262 million) Top 4 - Singapore (US$171 million) Top 5 - China, HK (US$160 million)
hmm. the article didn't say anything about sovereign wealth fund.
ReplyDeletewhile usa and europe is tottering, there's a few nations with a lot of money to throw around....
One reason Asian (exclusive Japan) is not in trouble - Total amount of foreign reserve US$2.814trillion.
ReplyDeleteTop 1 - China, PRC (US$1.639 trillion)
Top 2 - China, Tiawan (US$277 million)
Top 3 - Korea (US$262 million)
Top 4 - Singapore (US$171 million)
Top 5 - China, HK (US$160 million)
(Source: Haver Analytics, Datastream, Feb 2008)
Our futre is here (Asia)! Why worry?
mao,
ReplyDeleteI think the stats you posted should all be in billion for top 2 - 5.
Cheers
hongjun
Thanks Hongjun, error regretted. Cheers......
ReplyDelete