SAFE Raises Q1 Current Account Surplus Estimate to $54b

BEIJING, July. 6 -- China revised its first-quarter current account surplus to $53.6 billion from the $40.9 billion figure published on May 14.

The nation's capital and financial account surplus in the first three months was revised to $64.2 billion from a previous estimate of $55 billion, the State Administration of Foreign Exchange said in a statement on its website today.

Net inflows from foreign direct investment in the first quarter were $15.5 billion, down from a previously estimated $17.5 billion, the administration said.