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China's foreign financial assets rose 23% to $2.92 trillion
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21:04, May 20, 2009

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China's foreign financial assets increased by 23 percent from a year earlier to 2.92 trillion U.S. dollars by the end of last year, the State Administration of Foreign Exchange (SAFE) said.

The country's net foreign financial assets rose 31 percent year on year to 1.52 trillion U.S. dollars last year, the SAFE said in a statement posted on its website late Tuesday.

Direct foreign investment of China stood at 169.4 billion U.S. dollars, accounting for about 6 percent of the country's total foreign financial assets by the end of last year.

China's 1.97 trillion U.S. dollars in foreign exchange reserves accounted for about 67.3 percent of its foreign financial assets by the end of 2008, the SAFE said.

Source: Xinhua

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