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China's FDI crosses USD 1.95 trillion

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Press Trust of India Beijing

China's net foreign financial assets amounted to USD 1.82 trillion by September, while total foreign financial liabilities stood at USD 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 USD 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 USD 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.

  

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First Published: Dec 28 2012 | 9:15 PM IST

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