China's FDI crosses $1.95 trillion

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Beijing:

China's total foreign financial assets reached $5.04 trillion by the end of September with FDI surpassing $1.95 trillion, State Administration of Foreign Exchange (SAFE) said today.

China's net foreign financial assets amounted to $1.82 trillion by September, while total foreign financial liabilities stood at $3.22 trillion, according to China's international investment position (IIP) published on the website of the SAFE.

Meanwhile, foreign reserve assets, representing 67 per cent of China's external financial assets, reached $3.37 trillion the SAFE said.

Of the total foreign financial assets, outbound direct investment, portfolio investments and other investments accounted for 8 per cent, 5 per cent and 20 per cent of the share, respectively, state-run Xinhua news agency reported.

As for liabilities, foreign direct investment (FDI) in China surpassed $1.95 trillion, or 61 per cent of the country's external financial liabilities, according to SAFE.

IIP is a financial statement showing the value and composition of a country's external financial assets and liabilities.

Story first published on: December 28, 2012 21:30 (IST)


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