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China reports surpluses in both accounts, forex reserves growth declines.
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
[Xinhua: "China Reports Surpluses in Both Accounts in 2008, Forex Reserves Growth Declines"]
BEIJING, April 24 (Xinhua) - The State Administration of Foreign Exchange (SAFE) said Friday that China reported surpluses both in current and capital accounts last year, although the country witnessed the first decline in the growth of its forex reserves since 2000.
China reported a surplus of 426.1bn US dollars on current account in 2008, with an increase of 15 per cent, the SAFE said in a report on China's balance of payments in 2008.
The country's surplus on …
