China's current account surplus hits USD50b in Q4
(MENAFN) The current account surplus in China in the last quarter of 2013 hit USD50 billion, registering the fifth quarter of surplus running, Xinhua reported
The trade surplus for goods increased to USD116.1 billion, while the deficit for service trade hit USD24.2 billion and for current transfers it hit USD3.5 billion
Capital and financial accounts logged a USD81.3 billion surplus, and direct investment's net inflows hit USD59.3 billion during the period
After adding up the fourth quarter's current account surplus, it stands at USD191.6 billion for the whole year
The trade surplus for goods increased to USD116.1 billion, while the deficit for service trade hit USD24.2 billion and for current transfers it hit USD3.5 billion
Capital and financial accounts logged a USD81.3 billion surplus, and direct investment's net inflows hit USD59.3 billion during the period
After adding up the fourth quarter's current account surplus, it stands at USD191.6 billion for the whole year
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment