China revises down capital deficits for Q3

(MENAFN) China's State Administration of Foreign Exchange (SAFE) announced that the country's capital- and financial-account deficits narrowed to USD9.08 billion in the third quarter of the year, down from 99.8 billion yuan seen in the April-June period, Xinhua reported.

The SAFE said that it had to revise the figure, which it announced in October of USD81.77 billion, though it did say that China continued to see a current account surplus in the July-September period, although edging down slightly to USD72.39 billion.

Meanwhile, China's international reserves fell USD65.15 million during the third quarter, with its foreign exchange (forex) reserve down by USD423.53 million

During the first nine months of this year, there was capital and financial surplus of USD68.33 billion, current account surplus of USD153.07 billion and healthy forex reserves, which were up by USD147.79 billion.