InfoAnda - China revises up Q1 current account surplus

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China revises up Q1 current account surplus AFP - Monday, July 5 Send IM Story Print China revises up Q1 current account surplus Slideshow: Full Photo Coverage: Business & Economy BEIJING (AFP) - – China said Monday it was revising upwards the size of its current account surplus for the first quarter of 2010, after discovering that a year-on-year fall was smaller than previously announced. The current account surplus -- the broadest measure of trade with the world -- reached 53.6 billion dollars in the first three months, the State Administration of Foreign Exchange said on its website. That was 12.7 billion dollars more than the figure published in May, meaning the fall from the same period in 2009 narrowed to 32 percent from 48 percent announced previously. No explanation was offered for the change. In 2009, China's current account surplus dropped for the first time in eight years -- by 35 percent year-on-year to 284.1 billion dollars -- as the global crisis hit exports. Net inflow of direct investment into China totalled 15.5 billion dollars in the first quarter of 2010, compared with 17.5 billion dollars announced in May. Recommend Send IM Story Print Related Articles Lukoil won't repurchase 50 pct in Kazakh JV stake Reuters - 31 minutes ago Russia VTB names organisers for Eurobond - source Reuters - 45 minutes ago Turkish bonds up on lower-than-expected inflation Reuters - 51 minutes ago US-BUSINESS Summary Reuters - 53 minutes ago BA June traffic hit by strike action Reuters - 53 minutes ago News Search Top Stories Tour peloton shrugs of cobblestone worry Lower German deficit an example for Europe: Berlin BP oil spill costs spike above $3 bln Swiss show brings heirs to discuss Picasso, Klee Japanese probe yields insights into Moon's inner life More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Reclusive top mathematician turns down prize, again Japanese probe yields insights into Moon's inner life Lady Gaga leads race to get 10 million on Facebook Paris Hilton arrested after Brazil World Cup match: reports Awesome Nadal crushes Berdych to win Wimbledon More Most Viewed » Reclusive top mathematician turns down prize, again Aussie men shoot each other in buttocks 'to see if it hurts' Amputee cat gets bionic legs Fans gather for Michael Jackson death anniversary Who's right - the dolphin or the octopus? More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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