China's external financial net asset growth slowed to $1.519 trillion last year

Source: Internet
Author: User
Keywords Positions
31% increase in foreign exchange yesterday released China's international investment position in late 2008.  Statistics show that at the end of 2008, China's external financial assets of 2.9203 trillion U.S. dollars, the growth of 23% from the end of last year, external financial liabilities of 1.4013 trillion U.S. dollars, growth of 17%, external financial net assets of 1.519 trillion U.S. dollars, growth of 31%. The statistics also show that China's external financial net assets continued to grow in 2007 and 2008.  However, compared with the 77.8% increase in 2007, China's external financial assets growth in 2008 has a certain slowdown. In this regard, some foreign exchange experts believe that the changes in international investment position by the specific period of trading, price changes, exchange rate changes and other adjustments caused by the outbreak of the international financial crisis in the background, China's external financial net asset growth slowed down is normal.  However, the absolute amount of external financial net assets is still growing, which shows that China's foreign investment is more and more, and also reflects the increase of China's overall economic strength.  In external financial assets, foreign direct investment of 169.4 billion U.S. dollars, securities investment of 251.9 billion U.S. dollars, other investments of 532.8 billion U.S. dollars, reserve assets of 1.9662 trillion U.S. dollars, respectively, accounting for foreign financial assets of 6%, 9%, 18% and 67%.  In external financial liabilities, foreign direct investment in China 876.3 billion U.S. dollars, securities investment of 161.2 billion U.S. dollars, other investments of 363.7 billion U.S. dollars, respectively, accounting for foreign financial liabilities of 63%, 11% and 26%. It is noteworthy that, in terms of securities investment alone, the assets of China's foreign portfolio investment at the end of 2008 were 90.7 billion dollars higher than the liabilities.  This shows that by the end of last year, China's foreign securities investment than foreign investment in China's securities.  The international investment Position statement is a statistical statement reflecting the stock of financial assets and liabilities of a country or region at a particular point in time, which, together with the balance of payments statement reflecting the transaction flow, constitutes the complete international account system of the country or region. According to the latest data, the foreign Exchange Bureau has adjusted the China International investment position in 2006 and the end of 2007.
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