Biz News Flash

SAFE posts data on surpluses

(China Daily)
Updated: 2011-05-25 14:01

China posted surpluses under both the current account and capital and financial account in the first quarter, according to data released by the State Administration of Foreign Exchange on Tuesday. The surplus under the current account reached $29.8 billion in the first quarter, down 18 percent from a year earlier. For the capital and financial account, China reported a surplus of $111.4 billion, including $42.6 billion of net inflow of foreign direct investment.