China's external financial assets top $10 t
BEIJING - China's external financial assets stood at $10.21 trillion at the end of September, official data showed on Friday.
The figure, surpassing the $10-trillionmark for the first time, represented a 4.3 percent growth from that at the end of June, according to the State Administration of Foreign Exchange (SAFE).
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 (GDP) ratio stood at 1.8 percent during this period, remaining within a reasonable and balanced range.
