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Friday, October 7, 2022

China’s net external financial assets reach $2 trillion 

China’s external financial assets stood at $9.1563 trillion at the end of June, and the external financial liabilities reached $7.0746 trillion.

• October 7, 2022
Rows of Dollars bundles
Rows of Dollars bundles used to illustrate the story

China’s external financial assets stood at $9.1563 trillion at the end of June, and the external financial liabilities reached $7.0746 trillion resulting in over $2.0816 trillion of net external assets.

The State Administration of Foreign Exchange said external financial assets and reserves assets reached 3.2466 trillion dollars, accounting for 35 per cent of the total.

It also said direct investment assets stood at $2.6039 trillion, accounting for 28 per cent of the total.

“In external liabilities, direct investment liabilities were $3.5874 trillion or 51 per cent of the total, while portfolio investment liabilities were $1.9633 trillion or 28 per cent of the total,” it said. 

(Xinhua/NAN)

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