Not Even Close To Over: Chinese Reserves Climb 40% To $1.68 Trillion

April 11 (Bloomberg) -- China's foreign-exchange reserves, the world's largest, surged to $1.68 trillion at the end of March, adding pressure on the government to prevent money inflows from fueling inflation already at an 11-year high.

Currency holdings expanded 40 percent from a year earlier, the People's Bank of China said today on its Web site. The assets grew a record $153.9 billion from the end of December, after a $94.6 billion increase in the fourth quarter.

"The rapid accumulation in foreign-exchange reserves is making it very difficult for China to control money supply and inflation,'' said Wang Qing, chief China economist at Morgan Stanley in Hong Kong.