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28 Aug, 2011

Investment secures wealth for security – chinadaily.com.cn

Wealth security is an important component of state security. In China, the wealth of the State has increased faster than that of residents since the 1990s thanks to tax, financial and State-owned enterprise reforms. The fiscal revenue of the Chinese government was 8.31 trillion yuan ($1.32 trillion) last year, and foreign exchange reserves touched $3 trillion at the end the first quarter of 2011. Besides, the combined total assets of banking and financial agencies at home and abroad were more than 100 trillion yuan, and the total assets of 122 State-owned enterprises reached 24.3 trillion yuan by the first quarter of this year.

via Investment secures wealth for security|Op-Ed Contributors|chinadaily.com.cn.