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15 Jul, 2012

China’s Int’l Investment Position Reaches US$1.79 Trln

Xinhua

BEIJING, July 13 (Xinhua) — China’s net international investment position at the end of March reached 1.79 trillion U.S. dollars, the State Administration of Foreign Exchange (SAFE) announced Friday.

The net international investment position measures the difference between a country’s external assets and liabilities.

At the end of March, China’s external financial assets totaled 4.89 trillion U.S. dollars, while its external financial liabilities stood at 3.1 trillion U.S. dollars, the SAFE said in a statement on its website.

The country’s reserve assets exceeded 3.38 trillion U.S. dollars at the end of March, accounting for 69 percent of its external financial assets, according to the SAFE.

The country’s outbound direct investment in the financial sector hit 379 billion U.S. dollars, accounting for 8 percent of external financial assets; portfolio investments reached 270.3 billion U.S. dollars for six percent, while other investments hit 859.5 billion U.S. dollars for 18 percent, the statement said.

At the end of March, foreign direct investment in China exceeded 1.85 trillion U.S. dollars, accounting for 60 percent of the country’s external financial liabilities. Foreign portfolio investments reached 289.2 billion U.S. dollars and other investments hit 959.2 billion U.S. dollars.