State Administration of Foreign Exchange: China's current account surplus reached 669 billion yuan in the first half of the year, while the capital and financial account deficit was 878.8 billion yuan.

On September 30, the State Administration of Foreign Exchange released China's international balance of payments for the second quarter and first half of 2024. In the second quarter of 2024, China's current account surplus was 387.6 billion yuan, while the capital and financial account had a deficit of 343.8 billion yuan. In the first half of 2024, China's current account surplus was 669 billion yuan, while the capital and financial account had a deficit of 878.8 billion yuan. In terms of US dollars, in the second quarter of 2024, China's current account surplus was 54.5 billion US dollars, with a goods trade surplus of 167.1 billion US dollars, services trade deficit of 61.7 billion US dollars, primary income deficit of 53.5 billion US dollars, and secondary income surplus of 2.7 billion US dollars. The capital and financial account had a deficit of 48.4 billion US dollars, with a capital account deficit of 0.1 billion US dollars and a financial account deficit of 48.3 billion US dollars. In terms of US dollars, in the first half of 2024, China's current account surplus was 93.7 billion US dollars, with a goods trade surplus of 288.4 billion US dollars, services trade deficit of 123 billion US dollars, primary income deficit of 77.8 billion US dollars, and secondary income surplus of 6.1 billion US dollars. The capital and financial account had a deficit of 122.8 billion US dollars, with a capital account deficit of 0.1 billion US dollars and a financial account deficit of 122.7 billion US dollars. In terms of Special Drawing Rights (SDR), in the second quarter of 2024, China's current account surplus was 41.3 billion SDR, while the capital and financial account had a deficit of 36.6 billion SDR. In the first half of 2024, China's current account surplus was 70.7 billion SDR, while the capital and financial account had a deficit of 92.6 billion SDR. This article was sourced from the official website of the State Administration of Foreign Exchange and edited by GMTEight: Liu Jiayin.