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ECONOMY
THIS WEEK> THIS WEEK NO. 45, 2013> ECONOMY
UPDATED: November 4, 2013 NO. 45 NOVEMBER 7, 2013
Continued Surplus
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China's international balance of payments showed a surplus in the third quarter of the year, marking the fourth straight quarter of surpluses.

In the third quarter, the surplus under the current account totaled $39.7 billion, according to data released by the State Administration of Foreign Exchange.

Specifically, the goods trade surplus reached $87.1 billion while deficits were recorded in service trade and current transfers at $42.5 billion and $1.1 billion, respectively.

Meanwhile, China also reported a surplus under the capital and financial accounts totaling roughly $57.3 billion in the third quarter. Net inflows of direct investment amounted to $40.7 billion.



 
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