China: Balance of Payments (USD, Quarterly) - Current Account Balance

Macro

2026-01-01

Description

China's Current Account Balance is published by China's State Administration of Foreign Exchange (SAFE) and is used to measure China's international balance of payments in terms of merchandise trade, service trade, primary income and secondary income. A current account surplus indicates that the country has net savings from the outside world and is often seen as a source of foreign exchange reserve growth; a current account deficit indicates that the country needs to rely on international borrowing to meet expenditures. When the current account value is positive, it means that exports are greater than imports, which usually indicates strong economic competitiveness; when the value is negative, it means that imports are greater than exports, which may indicate a trade deficit or capital outflow.

Published by
State AdministRation of Foreign Exchange of China (Choice)
Frequency
Quarterly
Next Update

AI Data Insight

China's current account balance reached USD 243.821 billion in the fourth quarter of 2025, surging significantly from the previous quarter's USD 198.678 billion and beating initial market expectations. Benefiting from resilient exports and a narrowing services trade deficit, the overall surplus set a new single-quarter record, providing strong support for the RMB exchange rate.

AI Data Insight

China's current account balance reached USD 243.821 billion in the fourth quarter of 2025, surging significantly from the previous quarter's USD 198.678 billion and beating initial market expectations. Benefiting from resilient exports and a narrowing services trade deficit, the overall surplus set a new single-quarter record, providing strong support for the RMB exchange rate.

Description

China's Current Account Balance is published by China's State Administration of Foreign Exchange (SAFE) and is used to measure China's international balance of payments in terms of merchandise trade, service trade, primary income and secondary income. A current account surplus indicates that the country has net savings from the outside world and is often seen as a source of foreign exchange reserve growth; a current account deficit indicates that the country needs to rely on international borrowing to meet expenditures. When the current account value is positive, it means that exports are greater than imports, which usually indicates strong economic competitiveness; when the value is negative, it means that imports are greater than exports, which may indicate a trade deficit or capital outflow.

Published by
State AdministRation of Foreign Exchange of China (Choice)
Frequency
Quarterly
Next Update