Further to my previous question on the expression in Time magazine’s November. 10, 2011 article “China’s Century or India’s?”, there was the following sentence in the same article:
“The country (China) continues to run a huge current account surplus and will be posting only a slight budget deficit this year. It also has over $3 trillion (and counting) worth of foreign-exchange reserves and, in a world in which the developed nations are engaged in beggar-thy-neighbor currency devaluations, a steadily strengthening renminbi.”
I don’t understand the meaning of “and counting” in the line, “It also has over $3 trillion (and counting) worth of foreign-exchange reserves.” What does it mean? Does “and counting” add special significance or precision to the statement and $3 trillion figure?