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SAFE: CN Aug Int’l Balance of Payments Surplus in Goods and Services Trade Reaches US$58.9B
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China's State Administrative of Foreign Exchange (SAFE) announced that in August 2024, China's international balance of payments for goods and services trade reached a total of RMB4.18 trillion, marking a 4% YoY growth. Specifically, goods trade exports amounted to RMB2.0693 trillion, while imports were RMB1.4968 trillion, resulting in a surplus of RMB572.4 billion. Services trade exports amounted to RMB230.8 billion, while imports were RMB383 billion, leading to a deficit of RMB152.2 billion. In USD terms, China's international balance of payments for goods and services trade exports totaled US$322.4 billion in August 2024, while imports reached US$263.5 billion, resulting in a surplus of US$58.9 billion. AAStocks Financial News |
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