China's external financial assets top $10 t
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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