China Foreign-Exchange Reserves Jump to $2.65 Trillion

China’s foreign-exchange reserves, the world’s largest, surged by a record to $2.65 trillion at the end of September, adding fuel to complaints that the nation’s curbs on gains in the yuan are undermining the global recovery.

Currency holdings rose about $194 billion in the third quarter, today’s statement from the People’s Bank of China showed. September exports were the second-highest on record at $145 billion, a separate customs bureau report showed.