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China’s current account surplus stands at $19b in Q1

Updated: May 8,2017 4:48 PM     Xinhua

BEIJING — China’s current account surplus stood at $19 billion in the first quarter of this year, the country’s foreign exchange regulator said on May 8.

The goods trade surplus stood at $81.7 billion while the service trade posted a deficit of $60.1 billion, the State Administration of Foreign Exchange (SAFE) said in a statement.

The capital and financial account recorded a deficit of $19 billion in Q1, with a deficit of $100 million for the capital account and a deficit of $21.5 billion for the non-reserve financial account, said SAFE.