China Runs Surplus Under Current, Capital Accounts in H1
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China continued to run a surplus under both the current account as well as capital and financial account in the first half, the State Administration of Foreign Exchange (SAFE) said Tuesday.
The current account surplus totaled US$126.5 billion in the first six months, down 6 percent year on year, and the capital and financial account surplus rose 48 percent to US$90 billion, according to a SAFE report.
Driven by the double surplus, China's foreign exchange reserves grew by US$178 billion in the first half, up 8 percent year on year.
The current account surplus in the second quarter totaled US$72.9 billion, up 35 percent year on year, and that under capital and financial account dropped 68 percent to US$25.8 billion.
The foreign exchange reserves gained US$82.1 billion in the second quarter, down 17 percent year on year.
(Xinhua News Agency October 12, 2010)