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Agricultural Development Bank of China
Economy

China sees current account surplus in H1

September 29, 2019


Abstract : China reported a current account surplus of 88.2 billion U.S. dollars in the first half of 2019, latest data from the country's forex regulator showed Friday.

BEIJING, Sept. 27 (Xinhua) -- China reported a current account surplus of 88.2 billion U.S. dollars in the first half of 2019, latest data from the country's forex regulator showed Friday.

The reading equals 1.3 percent of the country's gross domestic product, according to a report released by the State Administration of Foreign Exchange (SAFE).

The country's capital and financial account recorded a surplus of 43 billion dollars, SAFE data showed.

China's non-reserve financial account surplus reached 45.4 billion dollars, and direct investment surplus remained stable, according to the report.

The securities investment continues to see a surplus, which indicates the good outcome of China's opening up in its securities market and the attractions of renminbi assets.

By the end of June, China's external financial assets grew 1.6 percent and its external debts went up by 4.3 percent from the end of 2018. The country's external net assets stood at 2.03 trillion dollars, data from the report showed.

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Keyword: China-economy foreign exchange

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