Core Insights - The State Administration of Foreign Exchange released preliminary data on China's international balance of payments for the second quarter and the first half of 2025 [1] Group 1: Current Account - In Q2 2025, China's current account surplus was 971.5 billion yuan, with a goods trade surplus of 1,575.1 billion yuan, a services trade deficit of 334.5 billion yuan, a primary income deficit of 297.8 billion yuan, and a secondary income surplus of 28.7 billion yuan [1] - For the first half of 2025, the current account surplus reached 2,158.9 billion yuan, comprising a goods trade surplus of 3,279.8 billion yuan, a services trade deficit of 760.4 billion yuan, a primary income deficit of 408.9 billion yuan, and a secondary income surplus of 48.5 billion yuan [1] Group 2: Capital and Financial Account - The capital and financial account (including net errors and omissions for the quarter) recorded a deficit of 971.5 billion yuan in Q2 2025, with direct investment into China maintaining a net inflow [1] - In the first half of 2025, the capital and financial account (including net errors and omissions for Q2) showed a deficit of 1,981.0 billion yuan [1]
国家外汇管理局:二季度我国经常账户顺差9715亿元
Di Yi Cai Jing·2025-08-08 09:11