Taiwan records best-ever net international investment position
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Taiwan recorded its best-ever net international investment position of US$656.9 billion at the end of 2010, up 8.1 percent from a year earlier, the ROC Central Bank said June 16.
This result reflects increases in portfolio investment by the private sector and strong reserve assets, said Chen E-dawn, deputy director-general of the central bank’s Economic Research Department.
Central bank statistics show Taiwan’s external assets appreciated 13.6 percent to US$1.14 trillion, which Chen attributed to Taiwan residents and insurance firms upping foreign equity holdings amid the global economic bounce back. “Surging global stock prices helped increase the value of these assets,” she added.
Chen said Taiwan’s external liabilities also rose 22.1 percent to US$480.9 billion, attributing this to large inflows of foreign funds into the local equity market and rising share prices.
The NIIP is a snapshot of an economy’s international financial condition at a particular date. It reflects the market value of this net investment position, not necessarily the economy’s financial potential or competitiveness.
Taiwan ranks No. 6 in NIIP, trailing Japan, mainland China, Germany, Switzerland and Hong Kong. Japan and mainland China’s NIIPs were US$3.07 trillion and US$1.79 trillion, respectively.
