China Q3 current account surplus at reasonable level
Updated: 2016-11-05 15:31
(Xinhua)
|
||||||||
BEIJING - China's current account surplus accounted for 2.5 percent of GDP in the third quarter of 2016, remaining below "a reasonable level" of 4 percent, a statement from the foreign exchange regulator said Friday.
In the third quarter, the current account surplus rose 11 percent from the second quarter to $71.2 billion, according to preliminary data released by the State Administration of Foreign Exchange.
Goods trade surplus, major contributor to the current account surplus, rose 9 percent from the previous quarter to $137 billion due to slight recovery in overseas and domestic demand.
Deficit in service trade widened 25 percent to $69.5 billion in the same period, the statement said.
China's current account has witnessed a surplus for 22 consecutive years, mainly due to strong exports in manufactured goods. The proportion of the surplus to China's GDP reached a peak of 10 percent in 2007.
- Summit of Climate Conscience kicks off in Morocco
- British Airways announces special fares for New Year
- S. Korean president says to accept investigation over scandal if necessary
- Names of twin panda cubs born in Austrian zoo revealed
- May's Brexit plans thrown into chaos by landmark court ruling
- Syrian army announces 'humanitarian pause' on Friday
- Ten photos from around China: Oct 28- Nov 3
- Shanghai Art Fair connects people with art in daily life
- Chinese captain takes off at Air Show China in Zhuhai
- Wuzhen Internet Intl Conference Center under preparation for 3rd WIC
- China's top 10 post-80s self-made billionaires
- Famous paintings recreated with chocolate
- Looking for a ride?
- Robots draw people to China International Industry Fair
Most Viewed
Editor's Picks
Anti-graft campaign targets poverty relief |
Cherry blossom signal arrival of spring |
In pictures: Destroying fake and shoddy products |
China's southernmost city to plant 500,000 trees |
Cavers make rare finds in Guangxi expedition |
Cutting hair for Longtaitou Festival |
Today's Top News
US election rhetoric unlikely to foreshadow future US-China relations
'Zero Hunger Run' held in Rome
Trump outlines anti-terror plan, proposing extreme vetting for immigrants
Phelps puts spotlight on cupping
US launches airstrikes against IS targets in Libya's Sirte
Ministry slams US-Korean THAAD deployment
Two police officers shot at protest in Dallas
Abe's blame game reveals his policies failing to get results
US Weekly
Geared to go |
The place to be |