China saw huge surplus in its current account in the first half of the year, its foreign exchange regulator said on Wednesday.
The surplus stood at $148.6 billion, up 85 percent over the same period last year, Xinhua news agency quoted State Administration of Foreign Exchange (SAFE) as saying.
SAFE attributed the surge to a surplus in goods trading, which stood at $256.6 billion, up 73 percent.
Services trading reported a deficit of $94.5 billion in the first six months, up 53 percent.
In the January-June period, the capital and financial account registered a deficit of $125.6 billion, SAFE said.
China's foreign exchange reserve decreased $66.6 billion in the first six months, after decreasing $79.5 billion in the first quarter and adding $13 billion in the second.
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SAFE predicted that in the second half of the year China's current account will continue to see surplus while deficit will remain in the capital and financial account.
