< Arab Finance - News - China’s current account records $310.4B surplus in 9 months

Market is closed

EGX 30 0.00 0.00%

Count Down to relaunch



China’s current account records $310.4B surplus in 9 months

China’s current account records $310.4B surplus in 9 months

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.

Recommended Stocks

13 Jun 2022
Delta Sugar SUGR
Close
25.18
Change
03.2
Hold

All rights reserved to Arab Finance 2020 ©

Back to top