Balance of trade 'at reasonable level' amid reform
By Jiang Xueqing | China Daily | Updated: 2014-07-01 07:38
Nation to maintain lowcurrent account surplus to GDP ratio, official says
The proportion of the current account surplus to gross domestic product in China has been decreasing in recent years and has dropped to a reasonable level that is internationally recognized, the nation's foreign exchange regulator said on Monday.
It fell to less than 4 percent after 2010 and continued to slide to 2 percent in 2013 and 0.3 percent in the first quarter of this year, said Du Peng, chief of the current account department of the State Administration of Foreign Exchange, at a news conference in Beijing.
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