Economy

China runs surplus under current, capital accounts in H1

(Xinhua)
Updated: 2010-10-12 16:23

BEIJING - China continued to run a surplus under the current account as well as capital and financial account in the first half, the State Administration of Foreign Exchange (SAFE) said on Oct 12.

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The current account surplus totaled $126.5 billion in the first six months, down 6 percent year on year, and the capital and financial account surplus rose 48 percent to $90 billion, according to a SAFE report.

Driven by the double surplus, China's foreign exchange reserves grew by $178 billion in the first half, up 8 percent year on year.

The current account surplus in the second quarter totaled $72.9 billion, up 35 percent year on year, and that under capital and financial account dropped 68 percent to $25.8 billion.

The foreign exchange reserves gained $82.1 billion in the second quarter, down 17 percent year on year.