China revises Q4 current account surplus data

0 Comment(s)Print E-mail Xinhua, March 31, 2012
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China's foreign exchange regulator on Saturday raised its 2011 fourth-quarter current account surplus to 60.5 billion U.S. dollars from the preliminary figure of 59.8 billion U.S. dollars.

The State Administration of Foreign Exchange (SAFE) also revised the full-year current account surplus in 2011 to 201.7 billion U.S. dollars from the previous figure of 201.1 billion U.S. dollars, according to a statement on its website.

However, in the fourth quarter China registered a deficit of 29 billion U.S. dollars in the capital and financial account, indicating net capital outflows from the country.

For the whole year, the capital and financial account ran a surplus of 221.1 billion U.S. dollars, the statement said.

Excluding effects of changes in the exchange rates and asset prices, the country's international reserve assets increased by 12.4 billion U.S. dollars in the fourth quarter and by 387.8 billion U.S. dollars in 2011.

The foreign exchange reserves increased 11.7 billion U.S. dollars during the October-December period, according to the statement.

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