BUSINESS China reports current account surplus in 2020

BUSINESS

China reports current account surplus in 2020

Xinhua

19:49, February 19, 2021

BEIJING, Feb. 19 (Xinhua) -- China reported a current account surplus of 298.9 billion U.S. dollars in 2020 as the economy recovered amid effective epidemic control, official data showed Friday.

Photo taken on Oct. 12, 2020 shows a view of Shenzhen, south China's Guangdong Province. (Xinhua/Mao Siqian)

Trade in goods posted a surplus of 533.8 billion dollars last year, while trade in services saw a deficit of 145.3 billion dollars, according to data released by the State Administration of Foreign Exchange.

In the fourth quarter, the country saw a current account surplus of 130.2 billion dollars, with a surplus of 193.6 billion dollars in the goods trade.

Trade in services reported a deficit of 28.4 billion dollars in the last quarter of 2020, the data showed.

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