AI Data Insight
Latest data shows that China's current account services trade deficit in the fourth quarter of 2025 was RMB 343.458 billion, slightly narrowing from the previous value of RMB 351.717 billion. Although "travel" and "intellectual property royalties" remain the primary sources of the deficit, official efforts to promote visa-free entry and payment facilitation have yielded initial results. Going forward, with further opening-up of the service sector, the deficit structure is expected to undergo a qualitative change in the medium term.