China reports current account surplus of 165.6 billion USD in Q1

BEIJING, May 9 (Xinhua) -- China reported a current account surplus of 165.6 billion U.S. dollars in the first quarter of 2025, according to data released Friday by the State Administration of Foreign Exchange.

The surplus in goods trade reached 237.6 billion dollars during the period, while the country registered a 59.3 billion dollar deficit in services trade.

In terms of Special Drawing Rights (SDRs), China's current account surplus reached 126.2 billion SDRs for the first three months.

The SDR is an interest-bearing international reserve asset created by the International Monetary Fund to supplement other reserve assets of member countries. ■