China reports current account surplus of $165.6 billion in Q1

China reported a current account surplus of $165.6 billion 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 during the period, while the country registered a $59.3 billion 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.