China Posts Bigger Increase in Accounts Surpluses
Source: Xinhua |
July 6, 2010, Tuesday
|
Print Edition
Print Edition
CHINA posted bigger surpluses in its current, capital and financial accounts in the first quarter of this year than it previously estimated, the State Administration of Foreign Exchange said on its website yesterday.
SAFE said in its statement China's current-account surplus totaled US$53.6 billion in the first three months, up from US$40.9 billion it estimated on May 14.
The modified current-account surplus was 32 percent lower than the previous year's figure, compared with the May 14 estimate of a 48 percent annual drop.
Capital- and financial-account surpluses rose to US$64.2 billion in the first quarter after the revisions, compared with US$55 billion SAFE estimated on May 14.
China posted a capital- and financial-account deficit of US$12.8 billion in the same period last year.
SAFE said in its statement China's current-account surplus totaled US$53.6 billion in the first three months, up from US$40.9 billion it estimated on May 14.
The modified current-account surplus was 32 percent lower than the previous year's figure, compared with the May 14 estimate of a 48 percent annual drop.
Capital- and financial-account surpluses rose to US$64.2 billion in the first quarter after the revisions, compared with US$55 billion SAFE estimated on May 14.
China posted a capital- and financial-account deficit of US$12.8 billion in the same period last year.
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