Core Insights - The State Administration of Foreign Exchange (SAFE) released the international balance of payments for China for the second quarter and the first half of 2025, indicating a current account surplus and a capital and financial account deficit [2][3]. Group 1: Current Account - In Q2 2025, China's current account surplus was 925.2 billion CNY (approximately 128.7 billion USD), with a goods trade surplus of 2.191 billion USD and a services trade deficit of 471 million USD [3][4]. - For the first half of 2025, the current account surplus reached 2.1126 trillion CNY (approximately 294.1 billion USD), with a goods trade surplus of 4.567 billion USD and a services trade deficit of 1.064 billion USD [3][5]. Group 2: Capital and Financial Account - In Q2 2025, the capital and financial account recorded a deficit of 984.2 billion CNY (approximately 137 billion USD), with the financial account deficit being 1.369 billion USD [3][4]. - For the first half of 2025, the capital and financial account deficit was 1.9936 trillion CNY (approximately 277.6 billion USD), with the financial account deficit at 2.775 billion USD [3][5]. Group 3: SDR Valuation - In Q2 2025, the current account surplus was 949 million SDR, while the capital and financial account deficit was 1,008 million SDR [4]. - For the first half of 2025, the current account surplus was 2.209 billion SDR, and the capital and financial account deficit was 2.076 billion SDR [5].
国家外汇管理局:2025年二季度我国经常账户顺差9252亿元
智通财经网·2025-09-30 09:26