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标题: In 2013 Taiwan Remains World's 5th Largest Creditor [打印本页]

作者: choi    时间: 6-14-2014 09:25
标题: In 2013 Taiwan Remains World's 5th Largest Creditor
(1) In Chinese:

新聞稿: 民國102年底國際投資部位. 中央銀行, June 13, 2014 ("(103)新聞發布第121號")
www.cbc.gov.tw/ct.asp?xItem=44320&ctNode=302&mp=1

(2) In English:

Press release: Taiwan's International Investment Position, 2013. Central Bank of the Republic of China (Taiwan), June 13, 2014.
www.cbc.gov.tw/ct.asp?xItem=44319&ctNode=448&mp=2

(3) My comment:
(a) In (1), the "103" stands for 民國103年, which is 2014 AD.
(b) In (2):
Central Bank of the Republic of China (Taiwan)
en.wikipedia.org/wiki/Central_Bank_of_the_Republic_of_China_(Taiwan)
(established in 1924 under Sun Yat-sen's administration in Guangzhou; re-established in 1961 in Taiwan; In 2000 the English name of the Central Bank of China was renamed "Central Bank of the Republic of China (Taiwan)" by then newly-inaugurated president Chen Shui-bian)

This explains why the URL of the Central Bank is CBC.
(c) (1) and (2) are not exactly the same. I will say the definition of "a country's international investment position"--translated as 國際投資部位, what is that?--is better in (1); that is, "國際投資部位表係記載一國中央銀行、銀行部門、政府部門與民間部門對外持有之金融資產與負債的存量統計。"
(d) At the bottom of each of (1) and (2) is 附件列表 and Attachment list, respectively.

Central News Agency (Taiwan) today summarizes this way:

"Taiwan retained its position as the world's 5th largest net creditor at the end of 2013 * * * Japan ranked as the world's largest net creditor at the end of last year with a net asset position of US$3.11 trillion, ahead of China's US$1.97 trillion in net asset position, Germany's US$1.83 trillion and Switzerland's US$983.7 billion, the central bank's statistics showed. * * * The central bank said the United States ranked as the world's largest net debtor at the end of 2013 with a net asset position of minus US$4.58 trillion, ahead of Spain's negative net asset position of US$1.39 trillion, Brazil's minus US$764 billion, Australia's minus US$747.8 billion, and Italy's negative US$644.5 billion. "

(e) The same Central Bank, which annually (in mid-June every year) releases Taiwan's international investment position, stated in 2012 that Taiwan surpassed Hong Kong at the end of the previous year to become world's 5th largest net creditor.
(f) Honestly there have been debates within Taiwan, long before I left there three decades ago, about what this means. Some economists believe excessive foreign reserve reflects poor investment decisions (by the nation as a whole, including both private and public sectors). But foreign investment (by civilians; Taiwan does not have a sovereign investment fund), part of the international investment position, should be nice. But the international investment position here does not itemize them.
(g) Mitsuru OBE, Japan Remains World’s Largest Net Creditor, But China Catching Up. Real Time Economics (a WSJ brand), May 26, 2014 (blog).
blogs.wsj.com/economics/2014/05/26/japan-remains-worlds-largest-net-creditor-but-china-catching-up/





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