China posted a $51.7 billion deficit in its capital and financial account in the third quarter, official data showed on Wednesday, a downward revision to the preliminary $70.8 billion reported in October. The finalized deficit, reported by the State Administration of Foreign Exchange (SAFE) on its website [url]www.safe.gov.cn[/url], nevertheless marks a second straight shortfall that will likely play on investor jitters over short-term capital flight. China had a capital account deficit of $41.2 billion in the second quarter and a current account surplus of $53.7 billion, leaving a small balance of payments surplus. ... (full story)