Reference Message Network reported on May 11 that according to the Abu Dhabi News Agency's report on May 11, based on the data released by China's State Administration of Foreign Exchange, China recorded a current account surplus of 1656 billion US dollars in the first quarter of 2025.
The report cited data from the State Administration of Foreign Exchange, indicating that in the first quarter of 2025, China's goods trade surplus was 2376 billion US dollars, and its service trade deficit was 593 billion US dollars.
Valued in Special Drawing Rights (SDR), China's current account surplus was 1262 billion SDRs in the first quarter of 2025.
SDR is a reserve asset created by the International Monetary Fund as a supplement to other reserve assets of member countries.
According to a report by Singapore's Lianhe Zaobao website on May 10, against the backdrop of sustained tension in Sino-US economic and trade relations, China's new overseas assets increased by 28% year-on-year in the first quarter this year, showing that enterprises are seeking external expansion under tariff pressure.
Statistical data published by China's State Administration of Foreign Exchange on May 9 showed that direct investment assets in China were approximately 48 billion US dollars in the first quarter, an increase of 28% year-on-year.
Bloomberg analysis indicated that this reflects that Chinese enterprises are accelerating their overseas expansion efforts under the initial pressure of the US tariff war, increasing domestic competition, and rising risks of trade blockades. By creating jobs and economic growth points abroad, they aim to ease external tensions.
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