China trims Q1 current account surplus

China on Tuesday lowered its first-quarter current account surplus to 47.6 billion U.S. dollars from the preliminary figure of 55.2 billion U.S. dollars.

The surplus under the capital and financial account was also revised down to 90.1 billion U.S. dollars from the initial estimate of 101.8 billion U.S. dollars, data from the State Administration of Foreign Exchange (SAFE) show.

The revised surplus under the current account expanded 5.5 percent from that in the last quarter of 2012, while the revised capital and financial account surplus more than quadrupled from that registered in the October-December period of last year.

The surpluses under the current as well as capital and financial accounts raised the country's international reserve assets by 157 billion U.S. dollars in the first three months of this year, the SAFE said.