China's net int'l investment position at $1.99t
Updated: 2011-10-20 09:15
BEIJING -- China's net international investment position at mid-2011 was positive to the tune of $1.985 trillion, the State Administration of Foreign Exchange (SAFE) announced Wednesday.
The net international investment position is the stock of external assets minus the stock of external liabilities.
At the end of June, China's external financial assets totaled $4.62 trillion and external financial liabilities stood at $2.63 trillion, SAFE said in a statement on its website.
The country's reserve assets exceeded $3.27 trillion at the end of June, accounting for 71 percent of external financial assets, according to SAFE.
The country's outbound direct investment in the financial sector hit $329.1 billion, accounting for seven percent of external financial assets; portfolio investments reached $260.4 billion, six percent; other investments hit $755.1 billion, 16 percent, the statement said.
At the end of June, foreign direct investments in China neared $1.584 trillion, accounting for 60 percent of the country's external financial liabilities. Foreign portfolio investments reached $230.9 billion and other investments hit $815.4 billion.
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