China's foreign exchange reserves reached US$470.6 billion by the end of June, jumping US$67.4 billion year-on-year. The State Administration of Foreign Exchange (SAFE) announced on Saturday that the current, capital and financial accounts were all in positive territory.
The current account surplus reached US$7. 5 billion, with the surplus in cargo exports accounting for US$5.9 billion. The service account deficit was US$5.9 billion and the revenue account deficit US$2.4 billion. The surplus of current transfer income reached US$9.9 billion.
The surplus of the capital and financial account was US$66.8 billion, of which net incoming foreign investment reached US$31.5 billion. Net incoming securities investment accounted for US$27.7 billion and other net inflows of investment yielded US$8.6 billion.
(China.org.cn October 11, 2004)
