China's current account recorded a surplus of $422 billion in 2024, data from China's National Foreign Exchange Authority showed.
According to the authority, the ratio of the current account surplus to GDP remained at a reasonable range, recording 2.2 percent last year. The merchandise trade surplus reached $767.9 billion during the period, up 29 percent year-on-year. In terms of services trade, the country saw a deficit of $228.8 billion during that period, up 10 percent year-on-year.
Chinese companies posted a net increase of $130.2 billion in direct investment in overseas equities, along with growth in investments in foreign equities and bonds.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
