Advertisements
//
you're reading...
China Daily Mail

Previous Post


China Daily Mail

China, the No 1 holder of US debts, has defended its overseas investments, with the country’s foreign exchange regulator claiming it made money from its outbound assets every year over the past eight years.

Guan Tao, head of the international balance of payment divisions at the State Administration of Foreign Exchange, said China earned US$128 billion income from its overseas investments in 2011. SAFE controls the country’s more than US$3 trillion foreign exchange reserves, the world’s largest.

Between 2004 and 2011, outbound assets grew 26 per cent on average and its income rose 32 per cent on average, said Guan in a statement posted on the official website of SAFE. Guan did not elaborate on what kind of investments it had made in the past eight years.

Guan’s comments came amid growing public concern on the mainland that Beijing probably invested too much in government bonds…

View original post 436 more words

Advertisements

About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Advertisements

407 Training Visas

Get An Australian Diploma

Learn How To Sell Real Estate To Chinese Buyers

Learn How To Sell Real Estate To Chinese Buyers

writer@craighill.net

Join 1,676 other followers

China Daily Mail Latest Headlines On Twitter

%d bloggers like this: