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China reports capital & current account surplus in Q2

08-20-2010 08:42 BJT

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China has reported both capital and current account surpluses in the second quarter, according to figures released by the State Administration of Foreign Exchange.

China's current account surplus gained 30 percent during the April to June period. But the figure fell 8 percent in the first half. In the capital account, the surplus recorded was 11.5 billion US dollars in the second quarter, but the regulator did not provide a comparative figure.

The report also said China's foreign exchange reserves increased by over 80 billion US dollars during the second quarter. It noted the current account surplus as a percentage of GDP stood at nearly 5 percent in the first half, down 1.3 percent.

The regulator added that the fall in the current account surplus as a percentage of GDP is structural, and not any result of global economic conditions.

Editor:Xiong Qu |Source: CNTV.CN

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