China
is world's second top creditor
Mainland
China is now the world's second top creditor, next only to Japan, in a ranking
that reflects the difference between the value of a nation’s assets abroad
minus the nation's liabilities. China's net overseas assets were US$
1.47 Trillion last
year, followed by Germany, Switzerland, and Hong Kong. Japan continued to be
the world's top creditor for the 22nd straight year last year, Japanese data
showed, according to Chinese State run media.
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| David Nealis President of Ceres Ltd |
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