surplus. Statistics released by the State Administration of Foreign Exchange showed that China had a surplus of US$34.775bn in trade in goods, but posted a deficit of US$5.931bn on services. The surplus on the capital and financial account was US$34.775bn, compared with US$1.922bn in 2000.
Foreign exchange reserves grew by 28 per cent in 2001 to reach US$212.165bn at the end of the year, and stood at US$227.6bn at the end of March 2002.