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China’s current account surplus of $89.5 billion in the first quarter of this year
Hong Kong China

The National Foreign Exchange Authority said that China maintained a balance in its international payments in the first quarter of this year, with a reasonable level of the current account surplus.

According to data from the authority, China recorded a current account surplus of 89.5 billion US dollars in the first three months, accounting for 2.1% of GDP during the period.

During this period, merchandise trade recorded a surplus of $145 billion, an all-time high, and exports and imports of merchandise increased by 16% and 15% year-on-year, respectively.

Trade-in services saw the deficit fall to $18.2 billion, down 30% year on year.

The authority said that China witnessed a relatively high influx of foreign direct investment during the period, while overseas direct investment remained stable.