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China's current account surplus reached $195.1 billion in the second quarter of 2026, driven by strong commodity trade and accelerating growth in exports and imports. The trade in goods recorded a surplus of $280.4 billion, while the trade in services showed a deficit of $52.6 billion, and primary income deficits amounted to $37.8 billion. At the same time, the value of foreign trade increased for the fifth consecutive month, with exports rising by 17.8% and imports by 21.2% in July, including a growth of over 50% in high-tech product exports. Additionally, during the first seven months of 2026, China’s total trade increased by 17.3% compared to the same period in 2025, continuing its leading position in global trade. Despite a decrease in the trade deficit in services, the capital account recorded a deficit of $195.1 billion. Meanwhile, the current account surplus for the first half of the year rose to $384.8 billion, with the economy relying on its commodity trade surplus to support its balance of payments.
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