Money

China revises up capital account surplus to $226b

(Agencies)
Updated: 2011-04-02 10:39

BEIJING - China revised its 2010 capital and financial account surplus to $226 billion, significantly bigger than its original estimate of $165.6 billion, the State Administration of Foreign Exchange said on Friday.

It also revised down its 2010 current account surplus a touch to $305.4 billion from the original $306.2 billion.

In a statement on its website, it also said that China's trade would be more balanced this year but that its capital inflows would continue to be large because investors are attracted to its rising interest rates and strengthening currency.