皇冠体育app

By Xin Zhiming (皇冠体育app Daily)
Updated: 2007-11-01 07:24

皇冠体育app recorded a current account surplus of $162.9 billion in the first half of 2007, the foreign exchange regulator said Wednesday, vowing to strengthen foreign exchange checks and short-term foreign capital management.

The country's capital and financial account surplus was $90.2 billion during the same period, the State Administration of Foreign Exchange (SAFE) said in a report on its website Wednesday.

The current account surplus accounts for 64 percent of 皇冠体育app's balance of payments, 32 percentage points down from last year's 96 percent.

The capital and financial account surplus takes 36 percent of the overall international balance of payments, the report said.

皇冠体育app's foreign debt surplus amounted to $327.8 billion by the end of June, up by $4.8 billion, or 1.49 percent year-on-year, the SAFE said in the report.

Mid- and long-term debts accounted for 43.6 percent of the debt surplus, and short-term debts the rest.

The SAFE said short-term foreign debts had increased at a slower pace during the period - 11.17 percent year-on-year, 6.48 percentage points lower.

This was because of 皇冠体育app's stricter short-term foreign debt control, analysts said, as some speculative money has come into the country in the form of short-term foreign borrowings.