Post: China’s External Financial Assets Exceed $9.79 Trillion

China's external financial assets topped $9.79 trillion at the end of June, official data showed. The external financial liabilities stood at over $6.8 trillion at the end of June, resulting in nearly $2.99 trillion of net external assets, according to China's State Administration of Foreign Exchange. Among the external financial assets, reserves assets reached $3.45 trillion, accounting for 35% of the total, and direct investment assets stood at $3.02 trillion, accounting for 31% of the total, according to China's News Agency (Xinhua). In external liabilities, direct investment liabilities were nearly $3.49 trillion, or 51%, of the total, while portfolio investment liabilities were nearly $1.86 trillion, or 27%, of the total. Source: Qatar News Agency