China's foreign reserves reached a record US$90.7 billion early this month, according to economic czar Zhu Rongji .
The mainland ranked as the world's third largest holder of foreign reserves at $87 billion by the end of June, just behind Germany ($89 billion) and Japan ($210 billion).
Mr Zhu told the China-Malaysia Co-operation Beijing Conference that China had become the fastest developing market in the world since the economy was opened and reforms instituted in 1979.
A China News Services report quoted the vice-premier as saying China would further open its market to international investors in the next five years.
'We'll open our financial, commercial and tour sectors to foreign investors progressively,' he said.
He said trade and economic ties between China and Malaysia had developed very fast in the past few years with total trade reaching $3.3 billion last year.