CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

China's current account surplus rises in Q2

08-16-2011 14:01 BJT

BEIJING, Aug. 16 (Xinhua) -- China's current account surplus widened sharply to 69.6 billion U.S. dollars in the second quarter of the year, the State Administration of Foreign Exchange (SAFE) said on Tuesday.

This means the surplus under the country's current account, a measure of its foreign trade, more than doubled between April and June from the first quarter's 28.8 billion U.S. dollars, according to preliminary statistics released by the SAFE.

For the capital and financial account, China posted a surplus of 67 billion U.S. dollars in the second quarter, narrowing from 86.1 billion U.S. dollars in the first three months of this year, the SAFE said.

The surpluses under the current as well as capital and financial accounts raised the country's international reserve assets by 136.5 billion U.S. dollars in the second quarter, it said.

The foreign exchange reserves increased 136.9 billion U.S. dollars during the April-June period, excluding effects of changes in the exchange rate and asset prices.

Editor:Wang Xiaomei |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program