China's Current Account Surplus Was USD50.9 Billion in Second Quarter, SAFE Says
Xu Wei
/SOURCE : Yicai
China's Current Account Surplus Was USD50.9 Billion in Second Quarter, SAFE Says

(Yicai Global) Sept. 29 -- China posted a current account surplus of USD50.9 billion in the second quarter, down from the preliminary figure of USD52.9 billion and up from the first quarter's USD18.4 billion, the State Administration of Foreign Exchange (SAFE) said yesterday.

The goods trade surplus came in at USD132.1 billion, lower than the preliminary figure of USD133.2 billion, while the service trade deficit was USD74.4 billion, unchanged from the preliminary number.

In special drawing rights (SDR) terms, current account surplus was SDR36.8 billion in the second quarter, compared with a preliminary surplus of SDR38.2 billion and the first-quarter figure of SDR13.6 billion.

For the first half, China's current account surplus stood at USD69.3 billion, compared with a preliminary surplus of USD71.2 billion. In SDR terms, current account surplus was SDR50.4 billion, compared with a preliminary surplus of SDR51.8 billion.

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Keywords: Forex , SAFE