China's International Balance of Payments Moves towards Equilibrium in Q1
Published:
2011-05-25
The State Administration of Foreign Exchange issued preliminary data on China's balance of payments for the first quarter, with the narrowing of both the current account surplus and the capital and financial account surpluses, as China's balance of payments moved closer to equilibrium. The capital account surplus, which reflects the external capital inflows, still remains as high as 111.4 billion yuan, indicating an active inflow of cross-border money that includes hot money.
Source
Securities Times
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