China's Current Account Surplus, Capital Account Deficit to Stay as Capital Flow Gap Narrows
Yicai Global
/SOURCE : Yicai
China's Current Account Surplus, Capital Account Deficit to Stay as Capital Flow Gap Narrows

(Yicai Global) March 31 -- China registered a surplus in current accounts last year, and capital and financial accounts remained in the red, the latest data show.

China posted a (USD188 billion (CNY1,296 billion) surplus in current accounts last year, and a CNY186.5 billion deficit in capital and financial accounts, per statistics published by the State Administration of Foreign Exchange (SAFE) yesterday. Specifically, the deficit in non-reserve financial accounts was CNY2,773.3 billion, while reserve assets sank CNY2,962.1 billion.

As for the trend in international payments this year, overall, the 'current account surplus vs. capital and financial account deficit' situation will continue, but the deficit will decrease as the gap in capital inflow and outflow continues to narrow, the SAFE spokesman forecast yesterday.

Follow Yicai Global on
Keywords: China , Business , Data , Trade