March foreign exchange reserves at $2.4471 trillion

According to the People's Bank of China, China's foreign exchange reserves hit a new high of 2.4471 trillion U.S. dollars at the end of March. That's up 25 percent from last year. The PBOC says China's foreign exchange reserves increased 48 billion U.S. dollars in the first quarter, compared to a gain of 126.5 billion U.S. dollars in the fourth quarter.