China's current account surplus falls 21% in Q1

Updated: 2011-07-11 16:58

(Xinhua)

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BEIJING - China's current account surplus, the broadest measure of its trade surplus, fell 21 percent to $28.8 billion in the first quarter, the foreign exchange regulator said on Monday.

The surplus under the financial account, which measures the net capital inflow, increased 41 percent from a year ago to $86.1 billion, the State Administration of Foreign Exchange (SAFE) said on its website.

The data was released after revision, SAFE said.

The foreign exchange reserves increased $138 billion in the first three months, excluding effects of changes in the exchange rate and asset prices.