Surpluses in 2 accounts cut in Q1
Source: Shanghai Daily |
June 19, 2013, Wednesday
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Print Edition
Print Edition
CHINA yesterday revised down its first-quarter current and capital accounts surpluses but the data indicated that foreign capital was still flowing in.
The State Administration of Foreign Exchange yesterday trimmed the first three months' surplus in the current account, which measures the trade in goods and services, to US$47.6 billion from the preliminary figure of US$55.2 billion. The surplus under the capital and financial account was also cut to US$90.1 billion from an initial estimate of US$101.8 billion, according to SAFE. The surpluses under the two sets of accounts raised China's foreign exchange reserves, already the world's largest, by US$157 billion to US$3.44 trillion by the end of the first quarter, SAFE said.
The State Administration of Foreign Exchange yesterday trimmed the first three months' surplus in the current account, which measures the trade in goods and services, to US$47.6 billion from the preliminary figure of US$55.2 billion. The surplus under the capital and financial account was also cut to US$90.1 billion from an initial estimate of US$101.8 billion, according to SAFE. The surpluses under the two sets of accounts raised China's foreign exchange reserves, already the world's largest, by US$157 billion to US$3.44 trillion by the end of the first quarter, SAFE said.
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