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China reports current account surplus in Q2

Abstract : China saw a current account surplus in the second quarter (Q2), reversing from a deficit seen in the first quarter as the economy recovered amid control of the COVID-19 epidemic.

BEIJING, Sept. 26 (Xinhua) — China saw a current account surplus in
the second quarter (Q2), reversing from a deficit seen in the first
quarter as the economy recovered amid control of the COVID-19 epidemic.

The current account surplus reached 110.2 billion U.S. dollars in Q2,
as compared with a deficit of 33.7 billion dollars in Q1, data from the
State Administration of Foreign Exchange showed.

The capital and financial account recorded a deficit of 34.5 billion dollars.

Trade in goods posted a surplus of 161.3 billion dollars, while trade in services saw a deficit of 29.5 billion dollars.

In the first half of this year, the country saw a current account
surplus of 76.5 billion dollars, accounting for 1.2 percent of the
country’s GDP, data from the administration showed.

The administration expected a mild current account surplus for the
whole year, with a stable goods trade surplus and narrower service trade
deficit. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China reports current account surplus in Q2

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