China's external financial assets top $10 t
1 week, 5 days ago

China's external financial assets top $10 t

China Daily  

Xinhua | Updated: 2024-12-28 12:49 A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. BEIJING - China's external financial assets stood at $10.21 trillion at the end of September, official data showed on Friday. The external financial liabilities stood at over $7.03 trillion at the end of September, resulting in $3.18 trillion of net external assets, SAFE data showed. Among the external financial assets, reserves assets reached $3.6 trillion, while in external liabilities, direct investment liabilities were $3.6 trillion or 51 percent of the total. Friday's data also showed that China's current account surplus stood at $241.3 billion in the first three quarters of 2024, and the current account surplus to gross domestic product ratio stood at 1.8 percent during this period, remaining within a reasonable and balanced range.

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History of this topic

China's foreign trade up 4.9% in first 11 months
4 weeks, 2 days ago

China's foreign trade up 4.9% in first 11 months

China Daily  

China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during this period, customs data showed. The import and export …

China's foreign trade up 4.9% in first 11 months
4 weeks, 2 days ago

China's foreign trade up 4.9% in first 11 months

China Daily  

By Zhong Nan | chinadaily.com.cn | Updated: 2024-12-10 11:12 China's foreign trade expanded by 4.9 percent year-on-year to 39.79 trillion yuan in the January-November period of 2024, statistics from the General Administration of Customs showed on Tuesday. The country's exports rose 6.7 percent yearly to 23.04 trillion yuan, while its imports climbed 2.4 percent year-on-year to 16.75 trillion yuan during …

China’s 10-year bond yields drop amid $1.4 billion debt refinancing program, more stimulus awaited
2 months ago

China’s 10-year bond yields drop amid $1.4 billion debt refinancing program, more stimulus awaited

Live Mint  

Yield for China's benchmark 10-year bonds have slid to their lowest in over a month after the government announced its 10 trillion yuan or $1.4 billion worth debt refinancing programme, Bloomberg reported. China's Debt Refinancing Programme — The Details The announcement was made after the National People’s Congress Standing Committee meeting on November 8, to “underwhelmed” reactions, as per the …

Trade, opening-up surging over years
3 months, 1 week ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Trade, opening-up surging over years
3 months, 1 week ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

China's foreign exchange reserves up 0.98% in August
4 months ago

China's foreign exchange reserves up 0.98% in August

China Daily  

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. BEIJING -- China's foreign exchange reserves totaled $3.2882 trillion as of the end of August, up by $31.8 billion, or 0.98 percent compared to the end of July, official data showed Saturday. China's foreign exchange reserves have remained stable above $3.2 trillion …

China's banking sector assets growing steadily: regulator
4 months, 2 weeks ago

China's banking sector assets growing steadily: regulator

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. BEIJING - China's banks have seen steady asset expansion since the start of the year, an official with the country's financial regulator said on Wednesday. The assets of financial institutions in China's banking sector grew 7 percent year-on-year to 423.8 trillion yuan at the end …

Foreign holdings of Chinese bonds see net increase of $20b in July
4 months, 3 weeks ago

Foreign holdings of Chinese bonds see net increase of $20b in July

China Daily  

BEIJING - The net increase in foreign holdings of domestic bonds stood at $20 billion in July, soaring 1.4 times from the previous month, data from China's State Administration of Foreign Exchange showed Thursday. Foreign investors were still highly motivated to allocate RMB assets as cross-border capital flow improved in July, it said. China's foreign trade also continued to grow …

Foreign holdings of Chinese bonds see net increase of $20b in July
4 months, 3 weeks ago

Foreign holdings of Chinese bonds see net increase of $20b in July

China Daily  

BEIJING - The net increase in foreign holdings of domestic bonds stood at $20 billion in July, soaring 1.4 times from the previous month, data from China's State Administration of Foreign Exchange showed Thursday. Foreign investors were still highly motivated to allocate RMB assets as cross-border capital flow improved in July, it said. China's foreign trade also continued to grow …

China's foreign exchange reserves total $3.2224t
6 months ago

China's foreign exchange reserves total $3.2224t

China Daily  

Xinhua | Updated: 2024-07-08 10:11 BEIJING - China's foreign exchange reserves stood at $3.2224 trillion at the end of June 2024, official data showed Sunday. The amount shrank by 0.3 percent compared with the previous month, the State Administration of Foreign Exchange said, attributing the decrease to the combined impact of currency translation and asset price changes. The Chinese economy …

China reports generally stable growth in final accounts for 2023
6 months, 2 weeks ago

China reports generally stable growth in final accounts for 2023

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing. BEIJING -- China's final central government accounts for 2023 were generally stable, with notable progress achieved in the areas of financial reform and development, according to a report delivered to the country's top legislature on Tuesday. The central government's general public budget revenue totaled 9.96 …

China's financing activities remain steady
6 months, 3 weeks ago

China's financing activities remain steady

China Daily  

This undated file photo shows an exterior view of the People's Bank of China in Beijing, capital of China. China's financing activity remained lukewarm as the increment in aggregate social financing — the total amount of financing to the real economy — stood at 14.8 trillion yuan in the first five months of 2024, down by 2.52 trillion yuan compared …

China's commercial banks resilient against risks: regulator
6 months, 4 weeks ago

China's commercial banks resilient against risks: regulator

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. BEIJING - The balance of loan loss provisions of China's commercial banks came in at 6.9 trillion yuan at the end of the first quarter of this year, data from the country's financial regulator showed. The figure increased by 269.8 billion yuan from the end of the previous …

China's commercial banks see stable credit asset quality
7 months ago

China's commercial banks see stable credit asset quality

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. The non-performing loan balance of the commercial banks reached 3.4 trillion yuan at the end of March 2024, 141.4 billion yuan more than that at the end of December 2023, data from the National Financial Regulatory Administration revealed. The data confirmed that the country's commercial banks had …

China's current account surplus shows slight narrowing
7 months, 4 weeks ago

China's current account surplus shows slight narrowing

China Daily  

A bank staff counts RMB and US dollar notes in a bank in Nantong, Jiangsu province on Aug 6, 2019. China's first-quarter international payments remained largely balanced as the country's current account surplus narrowed but stayed within a reasonable range, the State Administration of Foreign Exchange, or SAFE, said on Friday. Preliminary balance of payments data showed that the country's …

China shows signs of slowdown to aggregate social financing
8 months, 3 weeks ago

China shows signs of slowdown to aggregate social financing

China Daily  

A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE China's financing activity showed signs of slowing down as the increment in aggregate social financing — the total amount of financing to the real economy — reached 12.93 trillion yuan in the first quarter of 2024, down by 1.61 trillion yuan compared with the same …

Govt policies to aid banking sector, BOC says
9 months ago

Govt policies to aid banking sector, BOC says

China Daily  

A view of the booth of Bank of China during an expo in Fuzhou, Fujian province. CHEN BIN/FOR CHINA DAILY The central government's supportive policies are expected to gradually improve business sentiment, boosting domestic demand and laying a solid foundation for the steady development of the banking industry, Bank of China said. The bank's operating income reached 624.14 billion yuan …

China's financial institutions report 9.9% growth in assets
9 months, 2 weeks ago

China's financial institutions report 9.9% growth in assets

China Daily  

Chinese 100 yuan banknotes are seen in a counting machine at a bank in Beijing, China. BEIJING - Assets of financial institutions in China rose to 461.09 trillion yuan as of the end of 2023, up 9.9 percent year-on-year, according to the central bank. Of the total, assets of the banking sector reached 417.29 trillion yuan, up 10 percent; assets …

Country's development potential continues to be released
9 months, 3 weeks ago

Country's development potential continues to be released

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. In the first two months of this year, the total value of China's exports was $528.01 billion, up 7.1 percent year-on-year, and the total value of its imports was $402.85 billion, an increase of 3.5 percent compared with the same period last year. China's exports to the …

China's new development, world's new opportunities
9 months, 3 weeks ago

China's new development, world's new opportunities

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Foreign investment in China at a high level With a population of over 1.4 billion and a middle-income group of over 400 million, China is a large market with the most potential in …

China's new development, world's new opportunities
9 months, 3 weeks ago

China's new development, world's new opportunities

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Foreign investment in China at a high level With a population of over 1.4 billion and a middle-income group of over 400 million, China is a large market with the most potential in …

China's financing activity expands steadily
11 months, 4 weeks ago

China's financing activity expands steadily

China Daily  

China's financing activity expanded steadily in 2023 as official data showed the country's outstanding aggregate social financing — the total amount of financing to the real economy — came in at 378.09 trillion yuan as of the end of 2023, up 9.5 percent year-on-year. The increment in aggregate social financing reached 35.59 trillion yuan last year, up by 3.41 trillion …

China's forex reserves expected to increase in 2024
1 year ago

China's forex reserves expected to increase in 2024

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. China's foreign exchange reserves will likely see a moderate increase this year amid improving export growth and recovering capital inflows after hitting a two-year high in December, experts said on Monday. Their comments …

China's financial institutions see rising assets
1 year ago

China's financial institutions see rising assets

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. BEIJING - Assets of financial institutions in China rose to 452.82 trillion yuan at the end of the third quarter, up 9.5 percent year-on-year, according to the central bank. Assets of the banking sector totaled 409.77 trillion yuan at the end of September, up 9.6 percent from …

What China's first deficit in investment says about the West
1 year, 2 months ago

What China's first deficit in investment says about the West

Firstpost  

According to the most recent data, the onshore volume of yuan trading against the dollar fell 73% from August levels to a record low of 1.85 trillion yuan in October According to balance of payments data, China experienced its first-ever quarterly deficit in foreign direct investment, highlighting Beijing’s difficulty courting foreign businesses following a “de-risking” decision by Western governments. According …

Shenzhen-listed firms report revenues totaling 15t yuan in January-September
1 year, 2 months ago

Shenzhen-listed firms report revenues totaling 15t yuan in January-September

China Daily  

A staff member walks past the Shenzhen Stock Exchange in Shenzhen, South China's Guangdong province, Sept 21, 2020. BEIJING - Firms listed on China's Shenzhen Stock Exchange reported 15.06 trillion yuan in operating revenues in the first three quarters of 2023, up 4.19 percent year-on-year, according to a disclosure from the bourse. As of Oct 31, all of 2,830 firms …

Shenzhen-listed firms report revenues totaling 15t yuan in January-September
1 year, 2 months ago

Shenzhen-listed firms report revenues totaling 15t yuan in January-September

China Daily  

A staff member walks past the Shenzhen Stock Exchange in Shenzhen, South China's Guangdong province, Sept 21, 2020. BEIJING - Firms listed on China's Shenzhen Stock Exchange reported 15.06 trillion yuan in operating revenues in the first three quarters of 2023, up 4.19 percent year-on-year, according to a disclosure from the bourse. As of Oct 31, all of 2,830 firms …

China Evergrande reports its debt rose to $340 billion in 2022. It plans meetings with creditors
1 year, 5 months ago

China Evergrande reports its debt rose to $340 billion in 2022. It plans meetings with creditors

Associated Press  

BEIJING — China Evergrande, the property developer whose woes helped bring about a slump in the country’s vitally important real estate market, has reported its debts rose further to about $340 billion by the end of last year. Regulators stepped in to supervise Evergrande’s debt restructuring, but apparently rejected a bailout to avoid sending the wrong message to companies about …

China EximBank lends 730b yuan to support foreign trade in January-May
1 year, 6 months ago

China EximBank lends 730b yuan to support foreign trade in January-May

China Daily  

Pedestrians walk past an BEIJING - The Export-Import Bank of China has issued over 730 billion yuan of loans to support the country's foreign trade during the first five months of this year. At the end of May, the bank's outstanding loans to foreign trade firms came in at nearly 3 trillion yuan, up 16.36 percent year-on-year and 130 billion …

Xiamen prospers in 2022
1 year, 11 months ago

Xiamen prospers in 2022

China Daily  

In 2022, Xiamen's gross domestic product reached 780.27 billion yuan, up 4.4 percent year-on-year, 1.4 percentage points higher than the nation's average. Last year, Xiamen's investment in fixed assets reached 297.11 billion yuan, up 10.2 percent year-on-year, and 5.2 and 2.7 percentage points higher than that of Fujian province and the nation, respectively. At the same time, retail sales grew …

China’s economy is plainly staring at a flickery future
2 years, 4 months ago

China’s economy is plainly staring at a flickery future

Live Mint  

The global economic system is going through an unprecedented period. In contrast, the People’s Bank of China, after having held the line for much of the early covid period, has begun to ease monetary policy from around April this year. In economics speak, these are early signs that China’s money supply has begun to “push on a string” and further …

每日新闻播报（April 14）
2 years, 8 months ago

每日新闻播报（April 14）

China Daily  

>China accelerates issuance of local-gov't special bonds 今年地方政府专项债券发行进度明显快于往年 The issuance of local-government special bonds in China has progressed much faster and is more advanced this year than in previous years. 截至2022年3月末，各省份基本都已组织开展了提前下达额度的发行工作，累计发行约1.25万亿元，占提前下达额度的86%。 According to this year's government work report, China plans to issue a total of 3.65 trillion yuan in special-purpose bonds for local governments in 2022. China's foreign trade in …

Shandong's financial industry performs strongly in 2021
2 years, 11 months ago

Shandong's financial industry performs strongly in 2021

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. The Information Office of Shandong Provincial People's Government held a news conference on Jan 25 to introduce the province's financial industry in 2021. Official statistics showed that in 2021, social financing in Shandong reached 17.24 trillion yuan, a year-on-year increase of 13.17 percent, 2.87 percentage points higher …

China EximBank's bad loan ratio at 4-yr low in 2021
2 years, 11 months ago

China EximBank's bad loan ratio at 4-yr low in 2021

China Daily  

Pedestrians walk past an BEIJING -- The Export-Import Bank of China, a state-owned policy bank, achieved stable lending expansion last year while keeping its bad loan ratio at a low level. The bank's non-performing loan ratio stood at 1.58 percent at the end of 2021, the lowest notch in four years, according to a work conference of the China EximBank. …

Shandong surpasses 8t yuan GDP mark in 2021
2 years, 11 months ago

Shandong surpasses 8t yuan GDP mark in 2021

China Daily  

A technician checks excavators at an engineering equipment manufacturer in Yantai, Shandong province. In 2021, the added value of the province's primary industry reached 602.9 billion yuan, an increase of 7.5 percent over the previous year and an average increase of 5.1 percent over the past two years. The added value of the secondary industry stood at 3.32 trillion yuan, …

Shandong surpasses 8t yuan GDP mark in 2021
2 years, 11 months ago

Shandong surpasses 8t yuan GDP mark in 2021

China Daily  

A technician checks excavators at an engineering equipment manufacturer in Yantai, Shandong province. In 2021, the added value of the province's primary industry reached 602.9 billion yuan, an increase of 7.5 percent over the previous year and an average increase of 5.1 percent over the past two years. The added value of the secondary industry stood at 3.32 trillion yuan, …

Chinese net financial assets per capita at $14,258 in 2020: report
3 years, 2 months ago

Chinese net financial assets per capita at $14,258 in 2020: report

China Daily  

The gross financial assets of Chinese households increased 13.6 percent to 25,689 billion euros in 2020, according to the 12th edition of the Allianz Global Wealth Report released by Allianz Research on Oct 7, 2021. Chinese net assets per capita rose to 12,430 euros in 2020, up 13.9 percent on a yearly basis. Lockdowns brought by the COVID-19 pandemic drastically …

Tai'an economy sees steady growth in Jan-July
3 years, 4 months ago

Tai'an economy sees steady growth in Jan-July

China Daily  

A view of Tai'an, Shandong province Tai'an, East China's Shandong province saw steady economic growth from January to July this year, announced the city's statistics bureau. Retail sales of entities above designated scale reached 13.99 billion yuan, up 20.0 percent year-on-year. Revenue of the city's 285 service enterprises above designated scale reached 11.84 billion yuan, up 19.2 percent year-on-year. The …

Zhejiang enterprises buck downward trend
3 years, 4 months ago

Zhejiang enterprises buck downward trend

China Daily  

ezhejiang.gov.cn| Updated :2021-08-19 An aerial view of the Taihu Lake scenic area in Huzhou, Zhejiang province. CHINA DAILY In 2020, enterprises in East China's Zhejiang province saw their total assets and operating revenues grow 10.6 percent and 9.8 percent year-on-year respectively despite the COVID-19 pandemic, according to the latest statistics released by the Zhejiang Administration for Market Regulation. As much …

Central banks up reserves of RMB to a high
3 years, 6 months ago

Central banks up reserves of RMB to a high

China Daily  

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. In the first quarter this year, various central banks held $287.46 billion worth of Chinese RMB in official foreign exchange reserves, the highest level since the fourth quarter of 2016 and representing 2.45 percent of the total, the International Monetary Fund reported on Wednesday. The US dollar had …

China hikes defence budget to USD 209 billion, 6.8 per cent increase
3 years, 10 months ago

China hikes defence budget to USD 209 billion, 6.8 per cent increase

India TV News  

China on Friday hiked its defence budget to USD 209 billion, maintaining a single-digit growth for the sixth consecutive year with a 6.8 per cent increase in 2021. China’s annual defence budget maintains a single-digit growth for a sixth consecutive year, state-run Xinhua news agency reported. China's defence budget is about one quarter of the US figure, which is USD …

China records over 6% rise in foreign trade entities
3 years, 11 months ago

China records over 6% rise in foreign trade entities

China Daily  

Aerial photo taken on Dec 7, 2020 shows containers stacked at the container terminal of the Lianyungang Port in Lianyungang city, East China's Jiangsu province. China had 531,000 enterprises engaged in exports and imports in 2020, an increase of 6.2 percent year-on-year, according to the latest foreign trade data released by the General Administration of Customs. China's private sector registered …

China records over 6% rise in foreign trade entities
3 years, 11 months ago

China records over 6% rise in foreign trade entities

China Daily  

Aerial photo taken on Dec 7, 2020 shows containers stacked at the container terminal of the Lianyungang Port in Lianyungang city, East China's Jiangsu province. China had 531,000 enterprises engaged in exports and imports in 2020, an increase of 6.2 percent year-on-year, according to the latest foreign trade data released by the General Administration of Customs. China's private sector registered …

China to stay on 'normal' policy path
4 years, 1 month ago

China to stay on 'normal' policy path

China Daily  

The People's Bank of China. PBOC report: Interest rates to be kept at low levels to support small firms China will maintain a normal monetary policy for as long as possible and keep interest rates at a relatively low level to support small business financing and maintain ample liquidity in the system, the People's Bank of China, the central bank, …

External debts 2019
4 years, 10 months ago

External debts 2019

China Daily  

At at the end of 2019, China recorded 14.35 trillion yuan in outstanding external debt denominated in both domestic and foreign currencies. With respect to the term structure, the outstanding medium-and long-term external debt was 5.94 trillion yuan, accounting for 41 percent while the outstanding short-term external debt was 8.41 trillion yuan, taking up 59 percent, including 43 percent trade-related …

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