China's trade deficit in services narrowed to 89.2 billion yuan ($13.94 billion) in October compared with a figure of 144.4 billion yuan in September, the State Administration of Foreign Exchange (SAFE) said in an announcement Monday.
From January to October, China had a trade surplus in goods and services of 1.87 trillion yuan, the announcement from the SAFE noted.
Separately, the SAFE noted on the same day that total currency-trading volume in China had reached 9.66 trillion yuan ($1.52 trillion) in October, according to another announcement released on its website.
The total turnover of the bank-customer market was 1.65 trillion yuan, the agency said, while the interbank market stood at 8.01 trillion yuan.
Chinese banks bought $128.3 billion worth of foreign currency in October and sold $148.4 billion, resulting in net sales of $20.1 billion, according to an earlier announcement released by the SAFE on November 18.
The deficit in foreign currency transactions was a significant drop from the September figure of $109.2 billion, according to the SAFE.
Despite signs of capital outflows as China's economic growth decelerates, the SAFE has repeatedly stressed that the situation is normal and does not indicate capital flight, according to media reports in October.
