☰

Bolsa, mercados y cotizaciones

China to maintain current account surplus in near term: SAFE


    BEIJING (Reuters) - China will maintain a current account surplus in the near-term, while keeping it at low level, China's foreign exchange regulator said on Monday.

    Du Peng, chief of the current account department of the State Administration of Foreign Exchange(SAFE), told a news briefing that a deficit in service trade will be large in future, especially in the tourism area.

    China posted a capital and financial account surplus of $94 billion in the first quarter of 2014 and a current account surplus of $7 billion.

    (Reporting By Coco Li and Koh Gui Qing; Editing by Kim Coghill)