China records current-account surplus in 2021

0 Comment(s)Print E-mail Xinhua, February 11, 2022
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China maintained a basic balance in its international payments last year, with a reasonable level of current-account surplus, the State Administration of Foreign Exchange said Friday.

The country reported a current-account surplus of 315.7 billion U.S. dollars in 2021, accounting for 1.8 percent of its gross domestic product for the year, said Wang Chunying, spokesperson with the administration.

The trade in goods posted a surplus of 554.5 billion dollars, up 8 percent from the previous year. Both exports and imports maintained steady growth as the global economic recovery remained on track.

The trade in services saw a deficit of 97.7 billion dollars, down 33 percent year on year. The deficit in the travel sector declined 15 percent to 99.3 billion dollars due to the COVID-19 pandemic's continued impact on cross-border tourism and studying abroad, Wang said.

Wang projected that China's international payments, despite external instabilities and uncertainties, will remain generally balanced.

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