BEIJING, Sept. 28 -- China's current account surplus remained in a reasonable range in the first half of this year, the country's foreign exchange regulator said Thursday.
The current account surplus stood at 69.3 billion U.S. dollars in the first six months, accounting for 1.2 percent of the national GDP, according to the State Administration of Foreign Exchange (SAFE).
The non-reserve financial account recorded a surplus of 67.9 billion dollars, SAFE data showed.
A surplus in both accounts showed improvement in the economic structure, stable cross-border capital flow and controllable risks in the balance of payments, SAFE said in a report.
China will see basic equilibrium in the balance of payments in the second half of this year, a SAFE statement quoted an unnamed spokesperson as saying.
Positive factors will include a recovering global economy, stabilizing commodities prices, a steady domestic economy and greater opening-up of the financial market, the SAFE spokesperson said.
Meanwhile, the SAFE report said it needs to keep a close eye on the influence of the U.S. Federal Reserve's plan to start unwinding its balance sheet from October, a further step to end its loose monetary policy.
As the world's biggest emerging market economy, China will inevitably face certain pressure on capital flow, according to the report.
However, it said the Fed's pace of normalizing its monetary policy has been relatively steady, noting that economic fundamentals remain the key to guard against risks.
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