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China trims Q3 current account surplus

Xinhua, December 30, 2015 Adjust font size:

China on Wednesday lowered its current account surplus for the third quarter and revised its estimate for the capital and financial account from a deficit to a surplus.

The third-quarter surplus under the current account was cut to 60.3 billion U.S. dollars from a preliminary estimate of 63.4 billion dollars, data from the State Administration of Foreign Exchange (SAFE) showed.

China reported a second-quarter surplus of 73 billion dollars.

The country posted a 11.4-billion-dollar surplus in its capital and financial account in the three months ending September, a revision from an initial deficit of 63.4 billion dollars for the period, the SAFE said.

It also revised the current account surplus for the first three quarters to 208.9 billion dollars, down from a previous estimate of 212 billion dollars, and cut the capital and financial account deficit during the period to 47 billion dollars from 121.9 billion dollars. Endi