国家外汇管理局：2025年二季度我国经常账户顺差9715亿元

Core Insights - The State Administration of Foreign Exchange (SAFE) released preliminary data on China's balance of payments for Q2 and the first half of 2025, indicating a significant current account surplus [1][2]. Group 1: Current Account Overview - In Q2 2025, China's current account surplus was 971.5 billion yuan, with a goods trade surplus of 1,575.1 billion yuan and a services trade deficit of 334.5 billion yuan [1]. - For the first half of 2025, the current account surplus reached 2,158.9 billion yuan, driven by a goods trade surplus of 3,279.8 billion yuan [1][2]. - In USD terms, the current account surplus for Q2 2025 was $135.1 billion, while for the first half, it was $300.6 billion [2]. Group 2: Capital and Financial Account - The capital and financial account recorded a deficit of 971.5 billion yuan in Q2 2025, with net inflows from foreign direct investment [1]. - For the first half of 2025, the capital and financial account showed a larger deficit of 1,981.0 billion yuan [1][2]. - In USD, the capital and financial account deficit for Q2 was $135.1 billion, and for the first half, it was $275.8 billion [2]. Group 3: SDR Valuation - In terms of Special Drawing Rights (SDR), the current account surplus for Q2 2025 was 996 million SDR, with a goods trade surplus of 1,615 million SDR [2]. - The first half of 2025 saw a current account surplus of 2,257 million SDR, with a goods trade surplus of 3,425 million SDR [2]. - The capital and financial account deficit in SDR terms for Q2 was 996 million SDR, and for the first half, it was 2,065 million SDR [2].