China's current account surplus hits $94.1 bn in H1 2024

China's current account surplus reached $94.1 billion in the first half (H1) of this year, according to the State Administration of Foreign Exchange. The surplus represented 1.1 per cent of the country's gross domestic product (GDP) from January to June, a figure that remains within a reasonable range.

The trade in goods surplus accounted for $288.4 billion of the total, marking the second-highest level on record. The growth in goods trade is due to China's stable economic performance, the advancement of new quality productive forces, and the recovery of external demand, as per Chinese media reports.

Fibre2Fashion News Desk (DP)