China's net foreign financial assets hit 1.77 trl USD | WPN World People News

China's net foreign financial assets hit 1.77 trillion U.S. dollars as of the end of 2011, up from 1.68 trillion U.S. dollars one year earlier, the country's top foreign exchange regulator said Monday.

As of the end of last year, the nation's total foreign financial assets hit 4.72 trillion U.S. dollars, while total foreign financial liabilities stood at 2.94 trillion U.S. dollars, according to a statement posted on the State Administration of Foreign Exchange's website.

For the nation's foreign financial assets as of the end of 2011, reserve assets stood at 3.26 trillion U.S. dollars, direct investment stood at 364.2 billion U.S. dollars and securities investment reached 260 billion U.S. dollars, the statement said.Of its liabilities, foreign direct investment in China reached 1.8 trillion U.S. dollars and securities investment reached 248.5 billion U.S. dollars, according to the statement.

Source: United States News.Net