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China reports current account surplus in third quarter
Updated: December 25, 2020 20:43 Xinhua

BEIJING — China saw a current account surplus in the third quarter (Q3) as the economy recovered amid effective epidemic control, official data showed on Dec 25.

The current account surplus stood at $92.2 billion in Q3, shrinking from $110.2 billion in Q2, according to data released by the State Administration of Foreign Exchange.

Trade in goods posted a surplus of $155.8 billion, while trade in services saw a deficit of $40.3 billion.

The capital and financial account recorded a deficit of $50.5 billion.

In the first three quarters of the year, the country saw a current account surplus of $168.7 billion, accounting for 1.6 percent of the country's GDP, according to the administration.

The administration expects a stable balance of payments for the whole year.

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