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“The Chinese authorities are successfully steering the economy through the turbulence of the global financial crisis and recession, and furthermore, they seem likely to remain vigilant to protect systemic stability from future threats and challenges,” Byrne said. "With net foreign assets equal to 36 percent of GDP -- bolstered by more than $2 trillion in official foreign exchange holdings -- only a handful of highly rated advanced industrial economies, such as Norway, Switzerland, Japan, Hong Kong and Singapore, have a stronger international investment position than China" he said. Full Article at Bloomberg.com
With net foreign assets equal to 36 percent of GDP -- bolstered by more than $2 trillion in official foreign exchange holdings -- only a handful of highly rated advanced industrial economies, such as Norway, Switzerland, Japan, Hong Kong and Singapore, have a stronger international investment position than China
SOURCE: Bloomberg.com
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The Chinese authorities are successfully steering the economy through the turbulence of the global financial crisis and recession, and furthermore, they seem likely to remain vigilant to protect systemic stability from future threats and challenges
SOURCE: Bloomberg.com -
The consensus is that the economy will grow more than 9 percent next year and that will be supportive of government finances.
SOURCE: Bloomberg.com -
The country’s very strong international investment position has insulated it from the global financial crisis and reduced to a negligible level the risk that China could face a future balance of payments crisis
SOURCE: Bloomberg.com -
It’s another reflection of the broad strengthening of the Chinese economy
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