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China reports current account surplus in Q2
Last Updated: 2020-09-27 09:39 | Xinhua
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China saw a current account surplus in the second quarter (Q2), reversing from a deficit seen in the first quarter as the economy recovered amid control of the COVID-19 epidemic.
 
The current account surplus reached 110.2 billion U.S. dollars in Q2, as compared with a deficit of 33.7 billion dollars in Q1, data from the State Administration of Foreign Exchange showed.
 
The capital and financial account recorded a deficit of 34.5 billion dollars.
 
Trade in goods posted a surplus of 161.3 billion dollars, while trade in services saw a deficit of 29.5 billion dollars.
 
In the first half of this year, the country saw a current account surplus of 76.5 billion dollars, accounting for 1.2 percent of the country's GDP, data from the administration showed.
 
The administration expected a mild current account surplus for the whole year, with a stable goods trade surplus and narrower service trade deficit. 

(Editor:Liao Yifan)

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China reports current account surplus in Q2
Source:Xinhua | 2020-09-27 09:39
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