China sees lower forex deficit in first quarter

Updated 2018-04-19 11:17:05 China Daily

Forex purchases by banks stood at 4.4 billion and sales stood at 3.6 billion in March — a transaction deficit of .2 billion, up from .2 billion in February according to the State Administration of Foreign Exchange.

The total transaction deficit between banks' forex purchases and sales in the first quarter decreased to .3 billion, down 55 percent year-on-year, the administration reported.

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