China's current account surplus $39.2 bn in Q1 2024: Official data

The ratio of the current account surplus to gross domestic product (GDP) was 0.9 per cent during the period.

Of the total, the surplus under trade in goods came in at $121.1 billion, and the deficit under trade in services stood at $61 billion, a state-controlled news agency reported.

The organisation’s deputy head Wang Chunying said the country’s economy boasts a solid foundation, multiple development advantages, strong resilience and great potential, all of which will help underpin balance of payments.

ALCHEMPro News Desk (DS)