China reports $101.8b surplus in capital, financial account

Updated: 2013-04-26 11:27

(China Daily)

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China registered a $101.8 billion surplus in its capital and financial account in the first quarter as major economies continue monetary easing, according to data from the State Administration of Foreign Exchange on April 25.

The figure has surged by $81.8 billion from last quarter's $20 billion, suggesting accelerated capital inflows to the world's second-largest economy.

Last year, China posted a deficit of $16.8 billion in the account.

It reported a current account surplus of $55.2 billion from January to March, up from the previous quarter's $45.1 billion, the foreign exchange regulator said in a statement published on its website.