Taiwan remains world’s fifth biggest creditor at end of 2018

Taipei, June 15 (CNA) Taiwan remained the fifth largest creditor in the world at the end of 2018 by having the fifth strongest net international investment position of any country, according to Taiwan’s central bank. Taiwan’s external liabilities at the end of 2018 totaled US$768.37 billion, down US$33.55 billion or 4.2 percent from a year earlier as foreign institutional investors cut their holdings in local stocks and the value of their shares fell, the central bank said. As a result, Taiwan’s net international investments rose US$97.73 billion, or 8.3 percent, from a year earlier to US$1.28 trillion at the end of 2018, ranking fifth behind Japan, Germany, China and Hong Kong, the central bank said.

Source: focustaiwan.tw