China's current, capital account surpluses continue

BEIJING - China continued to see surpluses in both its current and capital accounts in the first quarter of this year, according to the final balance of payments data released on Thursday.

In the three months, China had a current account surplus of $7 billion and $94 billion in the capital and financial account, the State Administration of Foreign Exchange (SAFE) announced.

Both figures were slightly down from the preliminary data released by the SAFE in April.

The country has witnessed surpluses in both accounts since the final quarter of 2012, which may add to appreciation pressure on the yuan and incur problems from international speculative capital inflow.

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