BEIJING May 24 China's foreign exchange
reserves increased by $138 billion in the first quarter this
year, the country's currency regulator said on Tuesday, less
than a $197 billion surge reported initially by the central
In a statement on its website, the currency regulator also
said that China's current account surplus stood at $29.8 billion
in the first quarter, down 18 percent from a year ago.
The capital account surplus stood at $111.4 billion, it
said. It did not provide a year-on-year comparison for this.
(Reporting by Koh Gui Qing; Editing by Ken Wills)