China's current account and capital and financial account both showed a surplus, and international reserve assets continued to grow, in the first quarter of 2012, according to the State Administration of Foreign Exchange.

The current account surplus reached $24.7 billion, including a goods trade surplus of $21.7 billion, a services trade deficit of $18.2 billion and a revenue surplus of $18.5 billion.

The capital and financial account surplus was $49.9 billion, including direct investment net inflows of $44.1 billion.