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China's net int'l investment position at 1.985 trln U.S. dollars in mid-2011

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BEIJING, Oct. 19 (Xinhua) -- China's net international investment position at mid-2011 was positive to the tune of 1.985 trillion U.S. dollars, the State Administration of Foreign Exchange (SAFE) announced Wednesday.

The net international investment position is the stock of external assets minus the stock of external liabilities.

At the end of June, China's external financial assets totaled 4.62 trillion U.S. dollars and external financial liabilities stood at 2.63 trillion U.S. dollars, SAFE said in a statement on its website.

The country's reserve assets exceeded 3.27 trillion U.S. dollars at the end of June, accounting for 71 percent of external financial assets, according to SAFE.

The country's outbound direct investment in the financial sector hit 329.1 billion U.S. dollars, accounting for seven percent of external financial assets; portfolio investments reached 260.4 billion U.S. dollars, six percent; other investments hit 755.1 billion U.S. dollars, 16 percent, the statement said.

At the end of June, foreign direct investments in China neared 1.584 trillion U.S. dollars, accounting for 60 percent of the country's external financial liabilities. Foreign portfolio investments reached 230.9 billion U.S. dollars and other investments hit 815.4 billion U.S. dollars.

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