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China's sovereign wealth fund has expressed a desire to invest in the domestic market as stock valuations have hit multiyear lows, underscoring how coming home could bring new opportunities to boost returns.
China's services trade has grown at an average annual rate of 7.8 percent since 2012, 3.7 percentage points higher than the global growth rate. In 2019, China's international services trade totaled 5.42 trillion yuan (5.6 billion), ranking second in the world for six consecutive years.
China's savings rate, although high, has been declining of late, after reaching a peak of 52.3 percent in 2008.
Chinese Ambassador to the US Cui Tiankai speaks on Thursday in Washington at a reception marking the 20th anniversary of Macao's return to the Chinese motherland, which falls on Friday. [Photo by ZHAO HUANXIN / CHINA DAILY]
China, which holds more than .1 trillion of US Treasuries, is America's largest foreign creditor, said a CNBC report.
来源：资阳报