27.12.2024, China.
China’s external financial assets amounted to $10.21 trillion at the end of September, according to the State Administration of Foreign Exchange of the People’s Republic of China (SAFE), the Xinhua News Agency reported on December 27.
The figure surpassed the $10 trillion mark for the first time, up 4.3 percent from the end of June. External financial liabilities totaled more than $7.03 trillion at the end of September, leading to $3.18 trillion in net external assets, SAFE data showed.
Among external financial assets, reserve assets reached $3.6 trillion, while in external liabilities, direct investment liabilities totaled $3.6 trillion or 51% of the total.
Friday’s data also showed that China’s current account surplus totaled $241.3 billion in the first three quarters of 2024, and the ratio of current account surplus to gross domestic product (GDP) was 1.8 percent in the period, remaining in a reasonable and balanced range, the report said.
Source: Rossa Primavera News Agency
