Overseas finance assets outstrip debts
Print Edition
CHINA’S net international investment balance totaled US$1.8 trillion at the end of September, the State Administration of Foreign Exchange said yesterday.
The net international investment balance measures the difference between a country’s overseas assets and liabilities.
At the end of September, China’s external financial assets totaled US$6.29 trillion, while its external financial liabilities stood at US$4.49 trillion, SAFE said in a statement on its website.
The country’s reserve assets were about US$3.95 trillion at the end of September, accounting for 63 percent of its external financial assets, according to SAFE.
China’s outbound financial direct investment totaled US$664.8 billion, taking up 11 percent of external financial assets, while portfolio investments reached US$259.3 billion for 4 percent and other investments totaled US$1.42 trillion equaling 23 percent, the statement said.
At the end of September, foreign direct investment in China was US$2.55 trillion, taking up 57 percent of the country’s external financial liabilities. Foreign portfolio investments reached US$459.7 billion and other investments hit US$1.49 trillion.
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