China to post $165.6 billion current account surplus in Q1 2025

The State Administration of Foreign Exchange Clearing (SAFE) of China announced its current account for the period January-March 2025. The current balance, which represents the total income-expenditure balance in foreign trade, services, investment and current transfers, had a surplus of $165.6 billion in the first 3 months. During this period, a surplus of $237.6 billion was recorded in foreign trade, a deficit of $59.3 billion in services, a deficit of $15.4 billion in investments and a surplus of $2.7 billion in current transfers. China had a current surplus of $422 billion in 2024.