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China's int'l investment balance hits plus 1.8 trln USD

Source:   Time:

BEIJING, Dec. 29 (Xinhua) -- China's net international investment balance hit plus 1.8 trillion U.S. dollars at the end of September, the State Administration of Foreign Exchange (SAFE) said on Monday.

The net international investment balance measures the difference between a country's overseas assets and liabilities.

At the end of September, China's external financial assets totaled 6.29 trillion U.S. dollars, while its external financial liabilities stood at 4.49 trillion U.S. dollars, the SAFE said in a statement on its website.

The country's reserve assets were about 3.95 trillion U.S. dollars 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 U.S. dollars, accounting for 11 percent of external financial assets, while portfolio investments reached 259.3 billion U.S. dollars for 4 percent and other investments totalled 1.42 trillion U.S. dollars equalling 23 percent, the statement said.

At the end of September, foreign direct investment in China hit 2.55 trillion U.S. dollars, accounting for 57 percent of the country's external financial liabilities. Foreign portfolio investments reached 459.7 billion U.S. dollars and other investments hit 1.49 trillion U.S. dollars.

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