China sees capital account deficit in Q2
Updated: 2013-08-01 08:52
(Xinhua)
|
|||||||||
BEIJING -- China's capital and financial account registered a deficit in the second quarter, swinging back from a surplus in the first quarter, preliminary data from China's top foreign exchange regulator showed Wednesday.
China ran a deficit of $1.6 billion in its capital and financial account in the April-June period, compared with a surplus recorded in the January-March period, according to a report from the State Administration of Foreign Exchange (SAFE).
Last year, China registered a deficit in the capital and financial account for the first time since 1999.
In the second quarter, China's current account, which reflects the country's foreign trade with partners, maintained a surplus of $48.2 billion.
Figures for the first six months show that China's current account surplus reached $95.7 billion, and the capital and financial account registered a surplus of $107.8 billion, the SAFE said.
The country's international reserve assets grew by $203.6 billion in the first half, the SAFE said.
Most Viewed
Editor's Picks
Duo find new lives, homes a world apart |
Education overhaul |
Carbon market helps cut emissions |
Attractive Cities for Foreigners |
Terraces on top of the world |
No summer relief for kindergarten |
Today's Top News
7.5% GDP growth 'in reach' this year
Surveillance plan files declassified
Memorial a tribute to WWII 'comfort women'
Xi vows to protect maritime interests
Hollywood unpaid for movies
Steel industry eyes plans to resolve oversupply
Chinese tourists told to polish up on etiquette
Ozone adds to dangers of pollutants
US Weekly
Geared to go |
The place to be |