China's surplus in its international payments will remain high this year, said China's State Administration of Foreign Exchange (SAFE), which issued the 2009 exchange management year-end reports on the official website Thursday.
"China's imports and exports and foreign direct investment are steadily recovering in 2010 because of favorable international and domestic environment. The growth rate of the gross international balance of payments is likely to exceed GDP growth," the report read.
According to the report, China achieved $297.1 billion of current account surplus in 2009, representing a 32 percent annual fall.
Previously-released data from SAFE suggests China has realized $41 billion of current account surplus and $55 billion favorable international balance of capital and financial accounts in the first quarter of this year. Its international reserve assets also increased.
Head of the Current Account Administrative Department of SAFE, Du Peng, said Thursday there are no signs of vast capital outflows in China.
Du said SAFE will reinforce monitoring and forecasting systems on abnormal cross-border capital flow and carry out special inspections and investigations which target illegal acts including illegal private banks and Internet foreign currency speculation to further advance the development of foreign currency credit systems.
