BEIJING, Dec. 20 -- The total net assets of the Chinese government, including government executive departments, legislative departments and justice departments was 55.3 trillion yuan (around 9 trillion U.S. dollars) in 2013, according to research published Saturday.
In a broad measurement that also
included government-backed public institutions
and associations, the government's net
assets stood at 92.3 trillion yuan in
2013, according to the finance research
institute under the People's Bank
of China, the central bank.
The total net assets of
China's public departments, including
the government's net assets as
well as government-controlled companies,
stood at 106.9 trillion yuan.
The government's net assets in
the narrow sense of measurement
accounted for 26 percent of the gross
domestic product (GDP) in 2013.
"Given China's relatively huge
foreign exchange reserves, the Chinese
government has a good foundation for
economic control," the finance research
institute said.
It added that the government's
net assets were substantial and also
demonstrated structural stability and
fitness.
May we note that the above figures are interesting.
At the end of 2012, China's foreign exchange reserves stood at:
US $3.3 trillion.
In a broad measurement that also
included government-backed public institutions
and associations, the government's net
assets stood at 92.3 trillion yuan in
2013, according to the finance research
institute under the People's Bank
of China, the central bank.
The total net assets of China's public departments, including the government's net assets as well as government-controlled companies, stood at 106.9 trillion yuan.
The government's net assets in the narrow sense of measurement accounted for 26 percent of the gross domestic product (GDP) in 2013.
"Given China's relatively huge foreign exchange reserves, the Chinese government has a good foundation for economic control," the finance research institute said.
It added that the government's net assets were substantial and also demonstrated structural stability and fitness.
May we note that the above figures are interesting.
At the end of 2012, China's foreign exchange reserves stood at:
The total net assets of China's public departments, including the government's net assets as well as government-controlled companies, stood at 106.9 trillion yuan.
The government's net assets in the narrow sense of measurement accounted for 26 percent of the gross domestic product (GDP) in 2013.
"Given China's relatively huge foreign exchange reserves, the Chinese government has a good foundation for economic control," the finance research institute said.
It added that the government's net assets were substantial and also demonstrated structural stability and fitness.
May we note that the above figures are interesting.
At the end of 2012, China's foreign exchange reserves stood at:
US $3.3 trillion.
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