China reports current account, financial account surplus
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Xinhua, November 15, 2011
China's foreign exchange regulator on Tuesday said the country continued to see surpluses both under the current account and financial account in the third quarter of this year.
The surplus under the current account, which measures China's foreign trade of goods and services, stood at 57.8 billion U.S. dollars in the third quarter, according to data released by the State Administration of Foreign Exchange (SAFE).
The surplus under the financial account, which measures net capital inflow, stood at 33.9 billion U.S. dollars, according to the SAFE data.
The foreign exchange reserves increased 91.7 billion U.S. dollars in the third quarter, excluding the effects of changes in the exchange rate and asset prices.
The total surplus under the current account in the first three quarters reached 145.6 billion U.S. dollars while the surplus under the financial account hit 229.8 billion U.S. dollars, the data showed.
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