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China's current account expected to show small surplus in 2020 - FX regulator

Kitco News

BEIJING, Sept 25 (Reuters) - China’s current account is expected to show a small surplus in 2020, the foreign exchange regulator said on Friday.

Cross-border capital flows and FX reserves are expected to remain stable in the second half of this year, the regulator said. China’s current account surplus was equivalent to 1.2% of Gross Domestic Product (GDP) in the first six months of the year, it added. (Reporting by Kevin Yao and Lusha Zhang; Editing by Alex Richardson)

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