//
The claim comes from Yao Jingyuan, chief economist at the National Bureau of Statistics.
Earlier, Mr Yao had been quoted saying that foreign exchange reserves had already topped $2 trillion.
He clarified his statement, telling Reuters: "What I mean is the reserved will hit $2 trillion by the end of the year. That is my estimate."
The news will be of inevitable interest to those interested in trading strategies and stock market trading.
At the end of September, China's reserves stood at $1.9056 trillion and increased by $96.8 billion in the third quarter.
Officials have said that capital inflows and outflows are balanced broadly, while the country's central bank will clamp down on unauthorised outflows.
Stocks and shares have soared around the world following China's cut in interest rates, reports Bloomberg.
