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Mainland's forex reserve hits US$470.639b
(People's Daily Online)
Updated: 2004-10-10 11:21
According to the latest statistics released by State Administration of
Foreign Exchange Saturday, Chinese mainland's foreign exchange reserve has
reached US$470.639 billion by the end of June, US$67.388 billion more than that
of last year.
Statistics shows that Chinese mainland's current account, capital and
financial account achieved favorable balance. Surplus of current account reached
US$7.465 billion, of which cargo export surplus took up US$5.875 billion,
service adverse balance yielded US$5.892 billion, income deficit accounted for
US$2.4 billion, and surplus of current account reached US$9.882billion.
The favorable balance of capital and financail account finished at US$66.803
billion, of which net foreign investment reached US$31.496 billion, net
securities investment took up US$27.71 billion and other net afflux of
investment yielded US$8.638 billion.
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