China Revises Q1 Trade Surplus Data
OREANDA-NEWS. June 19, 2012. China's foreign exchange regulator trimmed its first-quarter current account surplus to 23.5 billion U.S. dollars from the preliminary figure of 24.7 billion U.S. dollars.
The State Administration of Foreign Exchange (SAFE) also revised the surplus in financial accounts, which measures net capital inflow, to 56.1 billion U.S. dollars in the first quarter from the previous 49.9 billion U.S. dollars.
Excluding the effects of changes in exchange rates and asset prices, the country's international reserve assets added 74.6 billion U.S. dollars in the first quarter.
The foreign exchange reserves increased 74.8 billion U.S. dollars in the first three months, while reserves in the International Monetary Fund (IMF) decreased 400 million U.S. dollars and the special drawing right (SDR) added 200 million U.S. dollars, according to the statement.