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  • THE ECONOMIC OBSERVER
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    China’s Overseas Financial Assets Approach $4.4 trillion

    China’s foreign financial assets amounted to almost 4.4 trillion US dollars at the end of March, according to figures released by China’s State Administration of Foreign Exchange (SAFE) yesterday. Reserve assets accounted for 71% of China's foreign financial assets, exceeding foreign direct investment, portfolio investment and other investments. China's overseas assets also far exceeded foreign financial liabilities which stood at just under 2.5 trillion US dollars.  This is the first time that SAFE has released quarterly data on the country's international investment position, up until now, such data had only been released on an annual basis
     
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    China News Agency

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