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China reports H1 surplus in int'l balance of payments

(Xinhua)    19:31, September 29, 2014
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BEIJING, Sept. 29-- China's international balance of payments showed a surplus in the first half of the year, with surplus under the current account reaching 80.5 billion U.S. dollars, the State Administration of Foreign Exchange (SAFE) announced on Monday.

During the period, the country also registered a surplus under the capital and financial accounts totaling 77.8 billion dollars, according to SAFE data.

Specifically, the goods trade surplus reached 149.3 billion dollars in contrast to deficits totaling 62.5 billion dollars and 11.8 billion dollars registered in service trade and current transfers, respectively, the data showed.

Meanwhile, the net inflow of direct investment and securities investment stood at 93 billion dollars and 36.9 billion dollars, in contrast to an outflow of 51.7 billion dollars, the data showed.

Based on the surplus reports, China's international reserve assets (excluding the influence of exchange rates and prices) showed a rise of 147.9 billion dollars during the period.

The data also showed that as of the end of June, China's external financial assets, including outbound direct investment, outbound securities investment as well as reserve assets, totalled 6.31 trillion dollars, in comparison to 4.32 trillion dollars in external debts.

(Editor:Ma Xiaochun、Bianji)
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