● 本报记者彭扬 国家外汇管理局8月8日发布数据显示，2025年二季度，我国经常账户顺差9715亿元，其中，货物贸易顺 差15751亿元，服务贸易逆差3345亿元，初次收入逆差2978亿元，二次收入顺差287亿元。资本和金融账 户(含当季净误差与遗漏)逆差9715亿元，其中来华直接投资保持净流入。 2025年上半年，我国经常账户顺差21589亿元，其中，货物贸易顺差32798亿元，服务贸易逆差7604亿 元，初次收入逆差4089亿元，二次收入顺差485亿元。资本和金融账户中(含二季度净误差与遗漏)逆差 19810亿元。 按美元计值，2025年二季度，我国经常账户顺差1351亿美元，其中，货物贸易顺差2191亿美元，服务贸 易逆差465亿美元，初次收入逆差414亿美元，二次收入顺差40亿美元。资本和金融账户(含当季净误差 与遗漏)逆差1351亿美元。 按美元计值，2025年上半年，我国经常账户顺差3006亿美元，其中，货物贸易顺差4566亿美元，服务贸 易逆差1059亿美元，初次收入逆差569亿美元，二次收入顺差67亿美元。资本和金融账户(含二季度净误 差与遗漏)逆差2758亿美元。 按SDR(特别提款权)计值 ...

● 本报记者 彭扬 国家外汇管理局8月8日发布数据显示，2025年二季度，我国经常账户顺差9715亿元，其中，货物贸易顺 差15751亿元，服务贸易逆差3345亿元，初次收入逆差2978亿元，二次收入顺差287亿元。资本和金融账 户（含当季净误差与遗漏）逆差9715亿元，其中来华直接投资保持净流入。 2025年上半年，我国经常账户顺差21589亿元，其中，货物贸易顺差32798亿元，服务贸易逆差7604亿 元，初次收入逆差4089亿元，二次收入顺差485亿元。资本和金融账户中（含二季度净误差与遗漏）逆 差19810亿元。 按美元计值，2025年二季度，我国经常账户顺差1351亿美元，其中，货物贸易顺差2191亿美元，服务贸 易逆差465亿美元，初次收入逆差414亿美元，二次收入顺差40亿美元。资本和金融账户（含当季净误差 与遗漏）逆差1351亿美元。 按美元计值，2025年上半年，我国经常账户顺差3006亿美元，其中，货物贸易顺差4566亿美元，服务贸 易逆差1059亿美元，初次收入逆差569亿美元，二次收入顺差67亿美元。资本和金融账户（含二季度净 误差与遗漏）逆差2758亿美元。 按SDR（特别提款权）计 ...

新华财经北京8月8日电国家外汇管理局公布2025年二季度及上半年我国国际收支平衡表初步数。2025年 二季度，我国经常账户顺差9715亿元，其中，货物贸易顺差15751亿元，服务贸易逆差3345亿元，初次 收入逆差2978亿元，二次收入顺差287亿元。资本和金融账户（含当季净误差与遗漏）逆差9715亿元， 其中来华直接投资保持净流入。 按SDR计值，2025年二季度，我国经常账户顺差996亿SDR，其中，货物贸易顺差1615亿SDR，服务贸 易逆差343亿SDR，初次收入逆差305亿SDR，二次收入顺差29亿SDR。资本和金融账户（含当季净误差 与遗漏）逆差996亿SDR。 按SDR计值，2025年上半年，我国经常账户顺差2257亿SDR，其中，货物贸易顺差3425亿SDR，服务贸 易逆差796亿SDR，初次收入逆差423亿SDR，二次收入顺差50亿SDR。资本和金融账户（含二季度净误 差与遗漏）逆差2065亿SDR。 （文章来源：新华财经） 按美元计值，2025年二季度，我国经常账户顺差1351亿美元，其中，货物贸易顺差2191亿美元，服务贸 易逆差465亿美元，初次收入逆差414亿美元，二次收入顺差40亿 ...

国家外汇管理局8月8日发布我国2025年上半年国际收支平衡表初步数据。数据显示，2025年上半年，我 国经常账户顺差21589亿元。 按美元计值，2025年上半年，我国经常账户顺差3006亿美元，其中，货物贸易顺差4566亿美元，服务贸 易逆差1059亿美元，初次收入逆差569亿美元，二次收入顺差67亿美元。（记者刘开雄） 其中，货物贸易顺差32798亿元，服务贸易逆差7604亿元，初次收入逆差4089亿元，二次收入顺差485亿 元。 ...

Core Insights - The State Administration of Foreign Exchange of China released preliminary data on the international balance of payments for the second quarter and the first half of 2025, indicating a significant surplus in the current account [1] Group 1: Current Account - In Q2 2025, China's current account surplus was $135.1 billion, driven by a goods trade surplus of $219.1 billion, a services trade deficit of $46.5 billion, a primary income deficit of $41.4 billion, and a secondary income surplus of $4 billion [1] - For the first half of 2025, the current account surplus reached $300.6 billion, with a goods trade surplus of $456.6 billion, a services trade deficit of $105.9 billion, a primary income deficit of $56.9 billion, and a secondary income surplus of $6.7 billion [1] Group 2: Capital and Financial Account - The capital and financial account, including net errors and omissions for the quarter, recorded a deficit of $135.1 billion in Q2 2025 [1] - For the first half of 2025, the capital and financial account showed a deficit of $275.8 billion, including net errors and omissions for the second quarter [1]

Core Viewpoint - India's current account surplus for the January to March period reached $13.5 billion, significantly exceeding market expectations of $8.9 billion [1] Group 1 - The current account surplus indicates a positive balance of trade and investment income for India during the specified period [1] - The surplus of $13.5 billion reflects a strong performance in the country's external sector [1] - Market expectations were surpassed by approximately 51.7%, highlighting a robust economic outlook [1]

Core Points - In the first quarter of 2025, China's current account surplus reached 11,874 billion yuan, indicating a strong balance in international payments [1] - The capital and financial account recorded a deficit of 10,094 billion yuan, highlighting challenges in capital flows [1] - In USD terms, the current account surplus was 1,654 billion USD, driven by a goods trade surplus of 2,375 billion USD, while service trade, primary income, and secondary income showed deficits and surpluses [1] Current Account Summary - Current account surplus in Q1 2025 was 11,874 billion yuan, equivalent to 1,654 billion USD and 1,260 billion SDR [1] - Goods trade surplus amounted to 2,375 billion USD, while service trade deficit was 593 billion USD [1] - Primary income deficit was 155 billion USD, and secondary income surplus was 28 billion USD [1] Capital and Financial Account Summary - Capital and financial account recorded a deficit of 10,094 billion yuan, or 1,407 billion USD [1] - The capital account showed a minor deficit of 1 billion USD, while the financial account had a significant deficit of 1,406 billion USD [1] - In SDR terms, the capital and financial account deficit was 1,068 billion SDR [1]

Core Insights - In the first quarter of 2025, China's current account surplus reached 11,885 billion yuan [1] - The goods trade surplus was 17,053 billion yuan, while the services trade recorded a deficit of 4,258 billion yuan [1] - The primary income account showed a deficit of 1,104 billion yuan, and the secondary income account had a surplus of 194 billion yuan [1] - The capital and financial account, including net errors and omissions for the quarter, reported a deficit of 11,885 billion yuan, with direct investment into China maintaining a net inflow [1]

Core Viewpoint - The article discusses the growth of China's goods trade surplus and current account surplus, highlighting the impact of economic structure optimization, competitive manufacturing, and recovering external demand on these surpluses [2]. Group 1: Goods Trade Surplus Growth - China's goods trade surplus is a result of deep participation in global industrial division and cyclical fluctuations in external demand [3]. - The long-term surplus is influenced by the global shift in industrial chains, with labor-intensive industries moving to developing countries, while developed nations focus on higher-end products and services [3]. - In 2024, China's goods trade surplus is projected at $768 billion, with foreign-invested enterprises accounting for 27% of total exports, and processing trade surplus contributing 21% to the overall trade surplus [3]. Group 2: External Demand Fluctuations - External demand has shown significant volatility, influenced by global economic developments and international financial market fluctuations [4]. - From 2020 to 2022, major developed economies' quantitative easing led to a 12% annual growth in China's exports, while tightening monetary policies in 2023 resulted in a 5% decline [4]. - A rebound in global manufacturing and semiconductor consumption is expected to drive a 7% increase in exports in 2024 [4]. Group 3: Current Account Balance - The current account is a comprehensive indicator of a country's internal and external economic balance, considering factors like service trade and investment income [6]. - China's current account surplus is projected at $423.9 billion in 2024, reflecting a 45% reduction compared to the goods trade surplus alone [6]. - The current account surplus to GDP ratio is expected to be 2.2% in 2024, indicating a stable economic balance compared to other countries like Japan and Germany [7]. Group 4: Future Outlook - The development of trade surpluses is closely linked to domestic economic adjustments, global supply chain layouts, and changes in internal and external demand [8]. - With ongoing policies to stabilize foreign trade and domestic demand, China's exports and imports are anticipated to maintain steady growth, keeping trade and current account surpluses within reasonable ranges [8].

新华财经北京3月28日电 国家外汇管理局数据显示，2024年四季度，我国经常账户顺差11719亿元，资 本和金融账户逆差13394亿元。 此外，国家外汇管理局根据最新获得的数据，修订了2023年以来各季度国际收支平衡表数据，详见国家 外汇管理局官方网站"统计数据"栏目。 为便于社会各界解读国际收支和国际投资头寸数据，国家外汇管理局国际收支分析小组同时发布《2024 年中国国际收支报告》。 2024年末，我国对外金融资产102167亿美元，对外负债69209亿美元，对外净资产32958亿美元。 在对外金融资产中，直接投资资产31329亿美元，证券投资资产14173亿美元，金融衍生工具资产242亿 美元，其他投资资产21867亿美元，储备资产34556亿美元，分别占对外金融资产的31%、14%、0.2%、 21%和34%；在对外负债中，直接投资负债36224亿美元，证券投资负债19396亿美元，金融衍生工具负 债304亿美元，其他投资负债13286亿美元，分别占对外负债的52%、28%、0.4%和19%。 按SDR计值，2024年末，我国对外金融资产78341亿SDR，对外负债53069亿SDR，对外净资产252 ...