BEIJING, Jan. 14 (Xinhua) -- China's cross-border trade and investment became more vibrant in 2024, said an official with the State Administration of Foreign Exchange (SAFE) on Tuesday, quoting official data.

The cross-border receipts and payments by non-banking sectors, including enterprises and individuals, increased by 14.6 percent year on year to 14.3 trillion U.S. dollars last year, hitting a record high, Li Bin, deputy head of the SAFE, told a press conference held by the State Council Information Office.

A basic equilibrium was maintained in the balance of payments, and foreign exchange reserves were stable at over 3.2 trillion U.S. dollars, Li said, adding that the RMB exchange rate remained generally stable at a reasonable, balanced level.

Li added that the country's external financial assets surpassed the 10-trillion-dollar mark for the first time at the end of September in 2024. Enditem

Related

Go to Forum >>0 Comment(s)