State Administration of Foreign Exchange: China's current account surplus was 1.2821 trillion yuan in the first quarter.

The State Administration of Foreign Exchange announced the preliminary balance of payments for the first quarter of 2026 in China. In the first quarter of 2026, China's current account surplus was 1.2821 trillion yuan, with a merchandise trade surplus of 1.7212 trillion yuan, a service trade deficit of 413.9 billion yuan, a primary income deficit of 52 billion yuan, and a secondary income surplus of 26.8 billion yuan. The capital and financial account (including seasonal net errors and omissions) had a deficit of 1.2821 trillion yuan, with a net inflow of foreign direct investment to China. In terms of US dollars, in the first quarter of 2026, China's current account surplus was 184.1 billion US dollars, with a merchandise trade surplus of 247.4 billion US dollars, a service trade deficit of 59.6 billion US dollars, a primary income deficit of 7.5 billion US dollars, and a secondary income surplus of 3.9 billion US dollars. The capital and financial account (including seasonal net errors and omissions) had a deficit of 184.1 billion US dollars. In terms of SDR, in the first quarter of 2026, China's current account surplus was 134.4 billion SDR, with a merchandise trade surplus of 180.6 billion SDR, a service trade deficit of 43.5 billion SDR, a primary income deficit of 5.5 billion SDR, and a secondary income surplus of 2.8 billion SDR. The capital and financial account (including seasonal net errors and omissions) had a deficit of 134.4 billion SDR. This article is selected from the official website of the State Administration of Foreign Exchange, translated by GMTEight, edited by Liu Jiayin.