China’s foreign financial assets rise to $2.92 trillion

May 20th, 2009 - 7:11 pm ICT by IANS  

Beijing, May 20 (Xinhua) China’s foreign financial assets increased by 23 percent from a year earlier to $2.92 trillion by the end of last year, officials said Wednesday.
The country’s net foreign financial assets rose 31 percent year on year to $1.52 trillion last year, the State Administration of Foreign Exchange (SAFE) said.

The direct foreign investment stood at $169.4 billion, accounting for about six percent of the country’s total foreign financial assets by the end of last year.

China’s $1.97 trillion in foreign exchange reserves accounted for about 67.3 percent of its foreign financial assets by the end of 2008, the SAFE said.

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