China sees current account surplus in Jan-Sept

Beijing, November 5 (Xinhua): China maintained a basic balance in its international payments in the first three quarters of this year, the State Currency Administration said on Friday.

The country reported on a current account surplus of 202.8 billion US dollars in the first nine months, representing 1.6 percent of its gross domestic product during The period, the data of the administration shows.

During the period from January to September, merchandise trade published a surplus of 379.6 billion US dollars, an increase of 16 percent year over year. Exports and imports of goods, respectively, increased 31 percent and 34 percent year after year.

Trade in services saw a deficit of 82.1 billion US dollars, 30 percent year.

The administration also noted that the country saw a relatively high direct foreign investment entry in the period, while the outgoing direct investment remained stable. Enditem follows on Twitter and Facebook to join the conversation. Download the Chicanews application


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