The State Administration of Foreign Exchange released China’s balance of
payments for Q2 and 1H 2026. In Q2 the current-account surplus was CNY 1,324.3
bln, with a goods trade surplus of CNY 1,906.1 bln, a services deficit of CNY
378.9 bln, a primary income deficit of CNY 245.6 bln and a secondary income
surplus of CNY 42.8 bln. The capital and financial account showed a deficit of
CNY 1,075.0 bln. For 1H, the current-account surplus was CNY 2,607.9 bln and the
capital and financial account deficit CNY 2,385.2 bln.