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Xinhua Silk Road
Economy

China reports current-account surplus in 2020

March 29, 2021


Abstract : China saw a current-account surplus of 274 billion U.S. dollars in 2020 as the economy recovered amid effective epidemic control, official data showed Friday.

BEIJING, March 26 (Xinhua) -- China saw a current-account surplus of 274 billion U.S. dollars in 2020 as the economy recovered amid effective epidemic control, official data showed Friday.

Trade in goods posted a surplus of 515 billion dollars, while trade in services saw a deficit of 145.3 billion dollars, according to data released by the State Administration of Foreign Exchange.

The capital and financial account recorded a deficit of 105.8 billion dollars.

By the end of 2020, China's net external financial assets stood at 2.15 trillion dollars. Enditem

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Keyword: China economy current account

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