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China says big external surplus not sustainable

Published 07/09/2010, 01:59 AM
Updated 07/09/2010, 02:04 AM

BEIJING, July 9 (Reuters) - China's big balance-of-payments surplus is not sustainable, the State Administration of Foreign Exchange said on Friday.

In the last of a series of questions and answers posted on its website, www.safe.gov.cn, the currency regulator said most of the capital inflows into China were legitimate but it would maintain its monitoring vigilance.

SAFE said China's foreign exchange policy would continue to be geared towards supporting outbound investment. (Reporting by Zhou Xin and Alan Wheatley; Editing by Jonathan Hopfner)

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