China capable of keeping int’l payment stable

17 February, 2020 12:00 AM printer

BEIJING: China has the ability to maintain a basic equilibrium in international payment as the impact of the novel coronavirus outbreak is short-lived and limited, a foreign exchange official said Saturday.

The operation of China’s current account has entered a more balanced stage thanks to the sound domestic economic development and optimization in economic structure, said Xuan Changneng, deputy head of the State Administration of Foreign Exchange, at a press conference, reports Xinhua.

The proportion of current account surplus in the country’s gross domestic product has been within a reasonable range in recent years, Xuan said.