App | 中文 |

HOME >> ARCHIVE >> STATISTICS

China reports current account surplus in Q3

Updated: Nov 06,2020 09:03 PM    Xinhua

BEIJING — China saw a current account surplus in the third quarter (Q3) as the country's economy recovered amid effective control of the COVID-19 epidemic.

The current account surplus reached $94.2 billion in Q3, data from the State Administration of Foreign Exchange (SAFE) shows.

Trade in goods posted a surplus of $155.4 billion, while trade in services saw a deficit of $40.4 billion.

In the first three quarters of this year, the country saw a current account surplus of $170.7 billion, accounting for 1.7 percent of the country's GDP, said Wang Chunying, deputy director and spokesperson of SAFE.

Due to the sustained and stable recovery of the domestic economy and the two-way opening-up of the financial market, cross-border capital flows have become more active, Wang said.

Wang expected international payments to remain generally stable and basically balanced.

VIDEOS

VIDEOS

SERVICES

CONTACT THE PREMIER

Mobile