China ran surplus under current, capital accounts in 2009
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China continued to run a surplus both under current account as well as capital and financial accounts last year, the State Administration of Foreign Exchange (SAFE) said Monday.
The surplus under current account totaled 297.1 billion U.S. dollars, down 32 percent year on year, and that under capital and financial accounts rose 6.64 times to 144.8 billion U.S. dollars, according to a 2009 report on balance of international payments, posted on the SAFE website.
Net inflow of direct investment amounted to 34.3 billion U.S. dollars and that of securities investment hit 38.7 billion dollars last year.
Driven by the "double surplus", China's foreign exchange reserves reached a new high of 2.4471 trillion U.S. dollars by the end of March, up 25.25 percent year on year.
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