China posted current account surplus in first 3 quarters

China's State Administration of Foreign Exchange Clearing (SAFE) announced the current account for the January-September 2024 period.

Accordingly, the curcfrent account balance, which expresses the sum of the income-expenditure balance in foreign trade, services, investment and current transfers, gave a surplus of 241.3 billion dollars in the first 9 months.

In this period, a surplus of 518.3 billion dollars was recorded in foreign trade, a deficit of 181.5 billion dollars in services purchases and sales, a deficit of 105.6 billion dollars in investments and a surplus of 10.2 billion dollars in current transfers.

The ratio of current account surplus to gross domestic product was 1,8%.