China's current account surplus rises in Q2
Updated: 2011-08-16 14:54
(Xinhua)
BEIJING - China's current account surplus widened sharply to $69.6 billion 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, according to preliminary statistics released by the SAFE.
For the capital and financial account, China posted a surplus of $67 billion in the second quarter, narrowing from $86.1 billion 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 in the second quarter, it said.
The foreign exchange reserves increased $136.9 billion during the April-June period, excluding effects of changes in the exchange rate and asset prices.
Related Stories
China's current account surplus falls 21% in Q1 2011-07-11 16:58
China's current account posts surpluse in Q1 2011-05-24 15:49
- China's CNR delays $5b IPO after crash
- IT lags business growth at SOEs
- Chinese outbound M&As hit record levels
- Rate of sales' rise in decline
- Bright Food to buy Australian producer
- Ascent Solar to sell stake, eyes China growth
- Gas imports double in July as use surges
- CBRC seeks public opinion on new capital rules
Comments: (China Daily Website - Connecting China Connecting the World
USEUROPE
AFRICAASIA
中文Français
- HOME
- CHINA
- WORLD
- BUSINESS
- LIFESTYLE
- CULTURE
- TRAVEL
- WATCHTHIS
- SPORTS
- OPINION
- REGIONAL
- FORUM
- NEWSPAPER
- China Daily PDF
- China Daily E-paper
- MOBILE
BACK TO THE TOP
Copyright 1995 -
. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263
About China Daily
Advertise on Site
Contact Us
Job Offer
Expat Employment
FOLLOW US
)
Sorry, the page you requested was not found.
Please check the URL for proper spelling and capitalization. If you're having trouble locating a destination on Chinadaily.com.cn, try visiting the Chinadaily home page
Registration Number: 130349