China's Q2 current account surplus $193.7 bln, capital and financial account deficit $157.1 bln

Published Sep 29, 08:58 AM UTC

China's State Administration of Foreign Exchange (SAFE) reported that the country's current account surplus reached $193.7 billion in the second quarter, while the capital and financial account recorded a deficit of $157.1 billion. The data, released by the foreign exchange regulator, highlights the continued strength of China's trade and income flows relative to its cross-border capital movements. The current account surplus reflects robust export earnings and other primary income, while the capital account deficit indicates net outflows of financial investments and other capital transactions. These figures provide a snapshot of China's external sector balance during the April-June period, with implications for the yuan exchange rate and foreign reserve management. The report is based on preliminary statistics from SAFE and may be subject to revision.

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