Arab Finance: China’s current account recorded a surplus of $310.4 billion in the first three quarters of 2022, according to data published by the State Administration of Foreign Exchange on November 4th.
The Asian country registered a surplus of $521.6 billion under trade in goods in the three quarters, and a surplus of $16.5 billion under secondary income.
On the other hand, it saw a deficit of $65.6 billion under trade in services, and a deficit of USD 162.2 billion under primary income.
In the capital and financial accounts, foreign direct investments witnessed a surplus of $46.9 billion, with an increase of $57.7 billion in reserve assets.
In terms of SDR, China reported a surplus of SDR 231.3 billion under the current account in the first three quarters of 2022, including a surplus of SDR 388.1 billion under trade in goods, a deficit of SDR 48.9 billion under trade in services.
Meanwhile, foreign direct investments recorded a surplus of SDR 32.7 billion, and reserve assets increased by SDR 42.9 billion.