The Zhitong Finance App learned that the State Administration of Foreign Exchange announced China's balance of payments for the second quarter and first half of 2026. In the second quarter of 2026, China had a current account surplus of 1324.3 billion yuan, including a surplus of 1906.1 billion yuan in trade in goods, 378.9 billion yuan in trade in services, an initial revenue deficit of 245.6 billion yuan, and a secondary revenue surplus of 42.8 billion yuan. The capital and financial account deficit was 1075 billion yuan. In the first half of 2026, China had a current account surplus of 267.9 billion yuan and a capital and financial account deficit of 2385.2 billion yuan.
In dollar terms, in the second quarter of 2026, China had a current account surplus of 193.7 billion US dollars, including a surplus of trade in goods of 278.8 billion US dollars, a trade in services deficit of 55.4 billion US dollars, an initial revenue deficit of 35.9 billion US dollars, and a secondary revenue surplus of 6.3 billion US dollars. The capital and financial account deficit was $157.1 billion. In the first half of 2026, China had a current account surplus of 378 billion US dollars and a capital and financial account deficit of 345.2 billion US dollars.
In terms of SDR, in the second quarter of 2026, China had a current account surplus of 141.8 billion SDR, of which the goods trade surplus was 204 billion SDR, the service trade deficit was 40.5 billion SDR, the initial revenue deficit was 26.3 billion SDR, and the secondary revenue surplus was 4.6 billion SDR. Capital and financial account deficits of 114.9 billion SDR. In the first half of 2026, China had a current account surplus of 276.3 billion SDR and a capital and financial account deficit of 252.1 billion SDR.
In order to make it easier for all sectors of society to interpret balance of payments and international investment position data, the Balance of Payments Analysis Group of the State Administration of Foreign Exchange also released the “China Balance of Payments Report for the First Half of 2026”.
This article was compiled from the official website of the “State Administration of Foreign Exchange”. Zhitong Finance Editor: Xu Wenqiang.