China Current Account Surplus Returns on Record Trade Results
Goods trade surplus at $161 billion is highest since 1998
Services trade deficit shrinks as overseas travel collapsed
By
Bloomberg News
Updated on
China’s current account returned to surplus in the second quarter due to better-than-expected exports and reduced overseas travel during the global pandemic.
The current-account balance at the end of June was $119.6 billion, the State Administration of Foreign Exchange said Friday. That was the highest since 2008 and compares with a surplus of $30.5 billion in the same period of 2019 and a deficit of $33.7 billion in the January-March period.
