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China reports current account surplus in 2020

Updated: Feb 19,2021 08:25 PM    Xinhua

BEIJING — China reported a current account surplus of $298.9 billion in 2020 as the economy recovered amid effective epidemic control, official data showed on Feb 19.

Trade in goods posted a surplus of $533.8 billion last year, while trade in services saw a deficit of $145.3 billion, according to data released by the State Administration of Foreign Exchange.

In the fourth quarter, the country saw a current account surplus of $130.2 billion, with a surplus of $193.6 billion in the goods trade.

Trade in services reported a deficit of $28.4 billion in the last quarter of 2020, the data showed.

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