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China¡¯s Foreign Exchange Reserve in 2003 Reached US$ 116.8 Billion, Record High in Growth Rate Today, State Administration for Foreign Exchange released China's international payment balance sheet of 2003. Statistics show that current accounts, capital and financial accounts remain in surplus, and foreign exchange reserve keeps increasing. Surplus of current account reached US$ 45.9 billion, up by 30% over the same period of previous year. Surplus of Capital and finance account reached US$ 52.7 billion, up by 63%. Newly added FDI is US$ 47.077 billion, which is still the main means of foreign investment attraction in China. Security investment income is US$ 12.307 billion, a record high in growth rate of foreign exchange reserve. Officials of State Administration for Foreign Exchange said that external environment for China¡¯s economic growth in 2004 is better than 2003, and good momentum of economic growth. It is estimated that I & E in 2004 would maintain fast growth, and balance in foreign trade in general. Kontaktinformationen: ZEMIN LI Konsul für Wirtschaft und Handel Leiter der Wirtschafts- und Handelsabteilung des Generalkonsulats der Volksrepublik China in München Halmstr. 5 81369 München Tel.: 0049 (0)89-99 73 82 78 Fax:0049 (0)89-99 73 82 76 E-Mail: trade_munich@t-online.de lzm_munich@yahoo.de
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