Trillion
in sentence
2031 examples of Trillion in a sentence
If they shift their money abroad, the managed exchange rate will become unsustainable: even China’s $3
trillion
of foreign-exchange reserves, down from close to $4
trillion
in 2014, look small next to $30
trillion
of financial assets.
A recent paper by the Bank of International Settlements shows that since the global financial crisis, outstanding dollar credit to non-bank borrowers outside the US has risen by half, from $6
trillion
to $9
trillion.
The bulk of that debt is in Asia, with China alone accounting for approximately $1
trillion.
An assessment of the application documents conducted by the Ifo Institute for Economic Research, of which I am President, found that the nearly 2,000 potential projects would cost a total of €1.3 trillion, with about €500 billion spent before the end of 2017.
China dominates global investment because it saves and invests nearly half of its $10.5
trillion
economy.
Opening borders completely could produce gains as high as $39
trillion
for the world economy over 25 years.
For starters, the post-1992 reforms coincided with a surge of globalization, which provided China with massive capital inflows (about $1
trillion
in foreign direct investment since 1992), a slew of new technologies, and virtually unimpeded access to Western consumer markets.
Toward the end of the century, the annual benefit would reach $1.5 trillion, with half going to the developing world.
Annual GDP around 2020 would be about $5
trillion
higher than it would be in the absence of an agreement, with $3
trillion
going to the developing world.
Toward the end of the century, slightly higher growth rates will have yielded a cumulative increase in income exceeding $100
trillion
annually, with most going to the developing world.
By now the overall sum of credit via intergovernmental rescue operations and the ECB has reached €1.185
trillion
(€707 billion in GIPSIC Target liabilities minus GIPSIC claims from under-proportional banknote issuance, €349 billion in intergovernmental rescue funds, including those from the IMF, and €128 billion in GIPSIC government bond purchases by non-GIPSIC national central banks; seewww.cesifo.org
Such differences in 25-year growth rates are important: if US GDP grows by a factor of 1.87 over the next 25 years, annual GDP will be $3.6
trillion
($10,000 per person) higher than if it grows by a factor of only 1.58.
In 2013, institutional investors in OECD countries alone held more than $57
trillion
in assets, and pension funds collected around $1
trillion
in new contributions.
It also has a sovereign wealth fund currently valued at over $600 billion and set to rise to $1
trillion
by 2020, owing to vast reserves of oil and gas.
If the United Kingdom, with a GDP of $2.4 trillion, had a wealth fund of roughly $3 trillion, all of the arguments would change.
In the aftermath of the Asian financial crisis of the late 1990’s, China amassed some $3.2
trillion
in foreign-exchange reserves in order to insulate its system from external shocks.
Fully two-thirds of that total – around $2
trillion
– is invested in dollar-based assets, largely US Treasuries and agency securities (i.e., Fannie Mae and Freddie Mac).
Over the last decade, Fortune 500 companies in areas like information technology, pharmaceuticals, and energy have spent more than $3
trillion
buying back shares in order to boost stock prices, stock options, and executive pay.
Meanwhile, in the United States and Europe alone, companies have hoarded nearly $4
trillion.
Through its $1
trillion
“one belt, one road” initiative, China is supporting infrastructure projects in strategically located developing countries, often by extending huge loans to their governments.
Today, 98% of the $750
trillion
in global liquidity is in speculative markets.
South Korea and Taiwan, for example, have foreign-exchange holdings of more than $250 billion each, and China’s holdings total more than $2
trillion.
Adding $1.5
trillion
more to the federal debt will create an understandable reluctance to respond to a downturn with further tax cuts.
Current investments in energy supply amount to more than $1.6
trillion
annually, with $130 billion going to energy efficiency and $250 billion to renewables.
The International Energy Agency expects the total to rise to $2
trillion
in 2035, with expenditure on energy efficiency increasing to $550 billion.
The researchers found, however, that it would cost $3.2
trillion
to achieve the target of doubling the rate of improvement in energy efficiency.
Of course, doing so would yield benefits: $3
trillion
saved by avoiding the need for other infrastructure investment, benefits to industry and consumers of around $500 billion, and reductions in CO2 emissions worth somewhere between $25 billion and $250 billion annually by 2030.
Since the Chinese government holds a large part of its $2
trillion
of foreign exchange in dollars, they have good reason to focus on the future value of the greenback.
If the Chinese now hold $1
trillion
in their official portfolios, a 10% rise in the yuan-dollar exchange rate would lower the yuan value of those holdings by 10%.
That is a big accounting loss, but it doesn’t change the value of the American goods or property investments in the US that the Chinese could buy with their
trillion
dollars.
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