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China revises Q4 current account surplus data

Updated: 2012-03-31 17:00

(Xinhua)

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BEIJING - China's foreign exchange regulator on Saturday raised its 2011 fourth-quarter current account surplus to $60.5 billion from the preliminary figure of $59.8 billion.

The State Administration of Foreign Exchange (SAFE) also revised the full-year current account surplus in 2011 to $201.7 billion? from the previous figure of 201.1 billion, according to a statement on its website.

However, in the fourth quarter China registered a deficit of $29 billion in the capital and financial account, indicating net capital outflows from the country.

For the whole year, the capital and financial account ran a surplus of $221.1 billion, the statement said.

Excluding effects of changes in the exchange rates and asset prices, the country's international reserve assets increased by $12.4 billion in the fourth quarter and by $387.8 billion in 2011.

The foreign exchange reserves increased $11.7 billion during the October-December period, according to the statement.

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