China recorded the world's largest net capital outflow in 2010, and was the second largest creditor of foreign liabilities following Japan, according to the International Monetary Fund's latest ranking, China's State Administration of Foreign Exchange (SAFE) said Monday.

China held external financial assets worth US$4.1260 trillion in 2010, up from US$929.1 billion in 2004, growing by 28 percent annually. The country's foreign financial liabilities reached US$2.3354 trillion in 2010, up from US$652.7 billion in 2004, growing 24 percent annually.

China's foreign exchange reserves hit US$3.1975 trillion at the end of June this year, accounting for 69 percent of its external financial assets. Foreign investment in China reached $1.5838 trillion, making up 60 percent of its foreign financial liabilities, according to data from the SAFE.

China's business press carried the story above on Tuesday.

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