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SAFE sees surpluses in accounts
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China’s foreign exchange regulator yesterday reported surpluses in the current and capital accounts for the third quarter.
It was the fourth quarter in a row of surpluses in both accounts, according to the State Administration of Foreign Exchange.
The current account surplus, which measures foreign trade in goods and services, totaled US$40.4 billion in the July-September period.
The capital and financial account was US$80.5 billion in the black, including US$34.2 billion of net inflow of direct investment.
International reserve assets also grew by US$97 billion.
In the first nine months, China ran a current account surplus of US$138.8 billion, and US$199.2 billion under the capital and financial account, with international reserve assets adding US$300.6 billion.
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