China currency reserves top Japan's - report

China overtook Japan to become the world's largest holder of foreign-exchange reserves, the state-owned China Business News said, citing unidentified sources.

The reserves stood at $853.7 billion on Feb. 28, compared $845.2 billion on Jan. 31 and Japan's $850.1 billion in reserves, the newspaper said.

The figure has yet to be confirmed by the central bank, said the paper, a venture between the Shanghai government and two media groups. An official at the People's Bank of China declined to comment

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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