Financial assets up
Source: Xinhua |
May 6, 2010, Thursday
|
Print Edition
Print Edition
CHINA'S external financial assets grew 17 percent from a year earlier to US$3.46 trillion by the end of 2009, boosted by its increased foreign exchange reserves and overseas investment, the State Administration of Foreign Exchange said on Tuesday.
According to 2009 year-end figures on China's international investment position released by SAFE, the country's external liabilities rose 12 percent annually to US$1.64 trillion while net external financial assets climbed 22 percent to US$1.82 trillion in 2009.
About 71 percent of China's external financial assets were its US$2.45 trillion forex reserves, according to SAFE.
China's US$229.6 billion of direct investment overseas, US$242.8 billion of securities portfolio investment and US$536.5 billion of other unspecified investments made up the rest of its financial assets.
According to 2009 year-end figures on China's international investment position released by SAFE, the country's external liabilities rose 12 percent annually to US$1.64 trillion while net external financial assets climbed 22 percent to US$1.82 trillion in 2009.
About 71 percent of China's external financial assets were its US$2.45 trillion forex reserves, according to SAFE.
China's US$229.6 billion of direct investment overseas, US$242.8 billion of securities portfolio investment and US$536.5 billion of other unspecified investments made up the rest of its financial assets.
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