China's foreign exchange market showed a smaller deficit in 2017 than the year before.

The country's State Administration of Foreign Exchange has just released the 2017 data for the country's forex receipts and payments. Director General of the Balance of Payments Department Wang Chunying gave the introduction. According to the statement, total forex settlements reached over one-point-six trillion US dollars, and forex sales concluded at one-point-seven trillion. That created a deficit of over one-hundred billion, a narrower gap than in 2016.