China's international investment balance hits plus $1.8 trillionStaff writer ▼ | December 31, 2014
China's net international investment balance hit plus $1.8 trillion at the end of September, the State Administration of Foreign Exchange (SAFE) said.
A lot of money The State Administration of Foreign Exchange
The country's reserve assets were about $3.95 trillion at the end of September, accounting for 63 percent of its external financial assets, according to the SAFE.
The country's outbound direct investment in the financial sector hit $664.8 billion, accounting for 11 percent of external financial assets, while portfolio investments reached $259.3 billion for 4 percent and other investments totalled $1.42 trillion equalling 23 percent, the statement said.
At the end of September, foreign direct investment in China hit $2.55 trillion, accounting for 57 percent of the country's external financial liabilities. Foreign portfolio investments reached $459.7 billion and other investments $hit 1.49 trillion. ■