SAFE reported China posted a current account surplus of 2.62 tln yuan in 1H
2026. Breakdown: goods trade surplus 3.63 tln yuan; services trade deficit 772
bln yuan; primary (first) income deficit 309 bln yuan; secondary income surplus
69.5 bln yuan. The capital and financial account (including Q2 net errors and
omissions) registered a deficit of 2.64 tln yuan.