Chinaʹs increasing external wealth

While balance of payments (BoP) statistics reflect cross-border flows over time, the international investment position (IIP) data record an economyʹs international financial assets and liabilities or its international balance sheet at a given point in time. Similar to BoP statistics, external assets...

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Bibliographic Details
Published inChina's New Place in a World in Crisis p. 59
Main Authors Guonan Ma, Haiwen Zhou
Format Book Chapter
LanguageEnglish
Published ANU E Press 31.07.2009
Subjects
Accountancy
Assets
Balance sheets
Business
Business economics
Commercial production
Communications
Credit
Creditors
Domestic product
Economic disciplines
Economics
Finance
Financial accounting
Financial documents
Financial economics
Financial investments
Financial liabilities
Financial management
Financial statements
Foreign assets
Gross domestic product
Portfolio investments
Portfolio management
Production factors
Production output
Professional communication
Scholarly communication
Social sciences
Socioeconomics
Wealth
Working papers
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Summary:While balance of payments (BoP) statistics reflect cross-border flows over time, the international investment position (IIP) data record an economyʹs international financial assets and liabilities or its international balance sheet at a given point in time. Similar to BoP statistics, external assets and liabilities are classified by instrument into positions of direct investment, portfolio investment and other investment. There is an additional category of foreign reserves on the asset side. In a matter of less than 10 years, Chinaʹs net foreign asset (NFA) position—the difference between international assets and liabilities—has swung from being a net debtor of about
ISBN:9781921536960
1921536969