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.