--- title: "State Administration of Foreign Exchange: In 2025, China's current account balance will total USD 8.3 trillion, an increase of 3% compared to the previous year" type: "News" locale: "en" url: "https://longbridge.com/en/news/280763587.md" description: "The State Administration of Foreign Exchange released the \"2025 China Balance of Payments Report,\" which estimates that in 2025, China's current account balance will total USD 8.3 trillion, an increase of 3% from the previous year. The current account surplus is expected to be USD 735 billion, accounting for 3.7% of GDP. The report indicates that both goods trade and service trade are performing well, and cross-border investment returns are stable. In the future, efforts will be made to promote the development of new productive forces, enhance domestic demand, and continue to maintain the current account at a reasonable and balanced level" datetime: "2026-03-27T09:37:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280763587.md) - [en](https://longbridge.com/en/news/280763587.md) - [zh-HK](https://longbridge.com/zh-HK/news/280763587.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280763587.md) | [繁體中文](https://longbridge.com/zh-HK/news/280763587.md) # State Administration of Foreign Exchange: In 2025, China's current account balance will total USD 8.3 trillion, an increase of 3% compared to the previous year According to the Zhitong Finance APP, on March 27, the State Administration of Foreign Exchange released the "2025 China Balance of Payments Report." The data shows that in 2025, China's current account balance will total USD 8.3 trillion, an increase of 3% from the previous year; the current account surplus will be USD 735 billion, accounting for 3.7% of Gross Domestic Product (GDP). First, the resilience of goods trade has strengthened, with the total import and export volume of goods under the balance of payments increasing by 3% compared to the previous year, and the goods trade surplus has expanded. Second, service trade is stable and improving, with the total import and export volume exceeding USD 1 trillion, becoming a new engine for the development of foreign trade, and the service trade deficit has narrowed. Third, cross-border bilateral investment income remains generally stable, with the investment income deficit remaining stable. The current account reflects a country's industrial competitiveness and the structural characteristics of the economy in the medium to long term. During the 14th Five-Year Plan period, China's current account surplus to GDP ratio averaged 2.3%. In the 15th Five-Year Plan period, China will focus on promoting significant breakthroughs in the development of new productive forces, enhancing the role of domestic demand as the main driving force for economic growth, while further expanding high-level opening up, which will support the current account to continue to maintain a reasonable and balanced level in the medium to long term. ## **Original text as follows:** **The State Administration of Foreign Exchange released the "2025 China Balance of Payments Report"** In 2025, global economic growth will be differentiated, protectionism and unilateralism will escalate, geopolitical conflicts and economic and trade conflicts will intensify, and international financial markets will experience significant volatility, with external pressure challenges increasing significantly. Under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, China will unswervingly promote high-quality development, implement more proactive macro policies, further deepen reform and opening up, adhere to innovation-driven development, and maintain overall stability and progress in the national economy. China's foreign exchange market has shown strong resilience and vitality, with market expectations and trading rationality orderly, and the RMB exchange rate has remained basically stable at a reasonable and balanced level. China's balance of payments is basically balanced, with the current account surplus and financial account deficit increasing simultaneously, reflecting a closer connection with the world economy and a more open posture to integrate into the global economy. The current account balance is steadily growing. In 2025, China's current account balance will total USD 8.3 trillion, an increase of 3% from the previous year; the current account surplus will be USD 735 billion, accounting for 3.7% of Gross Domestic Product (GDP). First, the resilience of goods trade has strengthened, with the total import and export volume of goods under the balance of payments increasing by 3% compared to the previous year, and the goods trade surplus has expanded. Second, service trade is stable and improving, with the total import and export volume exceeding USD 1 trillion, becoming a new engine for the development of foreign trade, and the service trade deficit has narrowed. Third, cross-border bilateral investment income remains generally stable, with the investment income deficit remaining stable. The current account reflects a country's industrial competitiveness and the structural characteristics of the economy in the medium to long term. During the 14th Five-Year Plan period, China's current account surplus to GDP ratio averaged 2.3%. In the 15th Five-Year Plan period, China will focus on promoting significant breakthroughs in the development of new productive forces, enhancing the role of domestic demand as the main driving force for economic growth, while further expanding high-level opening up, which will support the current account to continue to maintain a reasonable and balanced level in the medium to long term. The non-reserve financial account deficit has increased. The capital inflow generated by the current account surplus has been converted into foreign investment under the financial account, achieving balance of payments. In 2025, the non-reserve financial account deficit will be USD 820.1 billion Domestic entities' various types of foreign investments are growing rapidly, with increased international operations and diversified asset allocation, while also injecting liquidity into global financial markets, supporting the development of trade and investment partner industries and financial stability. Driven by increased reinvestment of earnings, foreign direct investment in equity in China grew by 20%. Foreign investment in Chinese stocks showed a net increase. By the end of 2025, China's foreign financial assets and foreign financial liabilities are expected to reach USD 11.8 trillion and USD 7.7 trillion, respectively, with net foreign assets exceeding USD 4 trillion, an increase of 28% compared to the end of the previous year. Looking ahead to 2026, there are many external instabilities and uncertainties, and the international environment remains complex and changeable. China will continue to firmly promote high-quality development, accelerate the construction of a new development pattern, adhere to the strategic basis of expanding domestic demand, build a strong domestic market, develop new productive forces tailored to local conditions, further expand high-level opening up, and form a new situation of win-win cooperation, with the international balance of payments conditionally maintaining basic equilibrium. The foreign exchange management department will resolutely implement the decisions and deployments of the Party Central Committee and the State Council, better coordinate development and security, focus on building a foreign exchange management system that is "more convenient, more open, safer, and smarter," and strive to create a foreign exchange policy environment that is both "flexible" and "well-regulated," effectively maintaining the stability of the foreign exchange market and the basic balance of international payments, contributing to a good start for the 14th Five-Year Plan. This article is compiled from the "State Administration of Foreign Exchange" WeChat official account; edited by Zhitong Finance: Chen Xiaoyi ### Related Stocks - [Shenzhen Index (399001.CN)](https://longbridge.com/en/quote/399001.CN.md) - [SSE Index (000001.CN)](https://longbridge.com/en/quote/000001.CN.md) ## Related News & Research - [Guangdong-HKGBA Returns to Profitability in 2025](https://longbridge.com/en/news/281116626.md) - [Chinese New House Prices Moderately Rebound in March](https://longbridge.com/en/news/281457179.md) - [UK's GDP expands 1% Y/Y in Q4](https://longbridge.com/en/news/281134589.md) - [Canada Net Trade Likely To Be a Negative For Q1 GDP, says CIBC](https://longbridge.com/en/news/281532785.md) - [There's Some Growth Below The GDP Surface in Canada, Says BMO](https://longbridge.com/en/news/281363185.md)