May 8, 2020 / 9:04 AM / 23 days ago

China preliminary first-quarter current account deficit $29.7 billion - FX regulator

BEIJING (Reuters) - China posted a $29.7 billion current account deficit for the first three months of the year, the foreign exchange regulator said on Friday.

The preliminary capital and financial account for the same period registered a surplus of $29.7 billion.

China’s international payments was affected by the coronavirus outbreak in the first quarter, the regulator said, adding that it is expected to remain balanced overall in the future.

Reporting by Lusha Zhang and Se Young Lee; editing by Jason Neely

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