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China's H1 current account surplus at $77.2 bln

2012-09-12 14:40 Xinhua     Web Editor: qindexing comment

China continues to post a surplus in both its current account and capital and finance account in the first half of 2012, according to the country's foreign exchange regulator on Wednesday.

China's current account surplus reached 77.2 billion U.S. dollars in the first six months of the year, accounting for 2.1 percent of its gross domestic product, the State Administration of Foreign Exchange said in a report.

Meanwhile, the capital and financial account surplus stood at 14.9 billion U.S. dollars for the period, the report said.

During the second quarter of the year, the country ran a surplus of 53.7 billion U.S. dollars in its current account and a deficit of 41.2 billion U.S. dollars in its capital and financial account, it said.

After excluding effects of changes in the exchange rates and asset prices, China's international reserve assets decreased by 11.8 billion U.S. dollars in the second quarter, with foreign exchange reserves down 11.2 billion U.S. dollars, it added.

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