China runs surplus under current, capital accounts in 1st half
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China continued to run a surplus under both the current account as well as capital and financial account in the first half, the State Administration of Foreign Exchange (SAFE) said Tuesday.
The current account surplus totaled 126.5 billion U.S. dollars in the first six months, down 6 percent year on year, and the capital and financial account surplus rose 48 percent to 90 billion U.S. dollars, according to a SAFE report.
Driven by the double surplus, China's foreign exchange reserves grew by 178 billion U.S. dollars in the first half, up 8 percent year on year.
The current account surplus in the second quarter totaled 72.9 billion U.S. dollars, up 35 percent year on year, and that under capital and financial account dropped 68 percent to 25.8 billion U.S. dollars.
The foreign exchange reserves gained 82.1 billion U.S. dollars in the second quarter, down 17 percent year on year.
