China's current account surplus doubles

China's current account surplus more than doubled in the third quarter of 2010 from the same period last year, official data showed Thursday, propelled by strong demand for Chinese-made products.
The current account surplus -- the broadest measure of trade with the world -- rose 103 percent to 102.3 billion dollars between July and September, the State Administration for Foreign Exchange said on its website.
For the first nine months, the current account surplus expanded by 30 percent year on year to 204 billion dollars, the data showed.
Net inflow of direct investment into China, the world's second-largest economy, totalled 23 billion dollars in the third quarter compared with 21 billion dollars in the second quarter.

To read full article from source click below:
China's current account surplus doubles

No comments:

Post a Comment