BEIJING, Nov. 7 (Xinhua) -- China's current account surplus reached 16 billion U.S. dollars in the third quarter of 2018, surging 200 percent from the second quarter, according to data released by State Administration of Foreign Exchange (SAFE) on Monday.
During the time period, China's capital and financial account recorded a deficit of 16 billion U.S. dollars. In a breakdown, the capital account deficit was 200 million U.S. dollars; the non-reserve financial account deficit was 18.8 billion U.S. dollars; and the reserve assets decreased by 3 billion U.S. dollars.
"From an overall point of view, China's international balance of payments continued to remain balanced in the third quarter of 2018," said Wang Chunying, spokesperson for the SAFE.
Wang pointed out that in the future, China's current-account balance is likely to stay in a normal band, and cross-border funds is expected to remain balanced with two way flow. (Edited by Li Wenxin, Yang Qi, liwenxin@xinhua.org)
A single purchase
