China gained additional foreign reserves last year through more balanced global trade. That's according to preliminary data from China's foreign exchange regulators.
China had a near 50 billion US dollar surplus on the current account in the fourth quarter of last year and an 81 billion US dollar surplus on its combined capital and financial accounts. Overall, the country posted a 189 billion dollar current account surplus for all of 2013 and a 243 billion US dollar surplus in its capital and financial accounts.
Experts say that China's foreign trade has become more balanced since its current account surplus peak back in 2008 that year, China's current account surplus as a percent of GDP came in at ten percent, but has since dropped to two percent in 2013, the lowest in nearly a decade.
Source: CCTV
