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China's Q2 current account surplus at $70 bln

08-17-2011 08:11 BJT

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China's current account surplus, a measure of its foreign trade, widened sharply in the second quarter of 2011.

The nation's forex regulator says the surplus in the second quarter stood at nearly 70 billion US dollars. During the first three months it sat at nearly 30 billion. As for the capital and financial account, China posted a surplus of 67 billion US dollars during the second quarter. That is a dip from the first quarter.

Excluding changes in the exchange rate and asset prices, foreign exchange reserves increased nearly 137 billion US dollars during the April - June period. Most of the increase is contributed from surpluses.

Editor:Li Wanran |Source: CNTV.CN

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