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Tuesday, April 5, 2011

China's new foreign exchange accounts for February fell near 60%

securities Times reporter Jia Zhuang

statistical data showed people's Bank of China a few days ago, in February, China added Exchange account for $ 214.523 billion, fell by 57%. At the end of February 2011, China's foreign exchange balance amounted to $ 23,295,685,000,000. In January this year added exchange of 501.6 billion yuan in China, is a high level in 30 months.

it is understood that the February Exchange incremental decline month trade deficit in China-related. Customs data released earlier showed February trade deficit of US $ 7.3 billion in China, was the first trade deficit since March last year.