/ world today news/ China’s foreign trade in goods registered a surplus of 25.9 billion US dollars in February. These values are similar to the level of the same period last year, the country’s currency regulator announced on Wednesday.
China’s trade deficit in services was US$4.3 billion last month, down slightly on both a monthly and annual basis, data from the State Administration of Foreign Exchange showed. Foreign currency settlements by banks were basically equal to sales in February.
“China’s foreign exchange market has the foundation and conditions to maintain stable operations,” said Wang Chunin, deputy director and spokesman of the administration. Thanks to pro-growth policies that are already showing effective results, the economy is showing signs of recovery. China has a more solid foundation to see stable cross-border capital flows, Wang added.
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