China Current Account Surplus Hits 14-Year High

What’s new: China’s current account surplus hit a 14-year high in 2022, driven by strong goods exports, preliminary official data show.

The current account surplus for the whole year reached $417.5 billion, up 32% from 2021, driven mainly by a $685.6 billion goods trade surplus, said Wang Chunying, a spokesperson for the State Administration of Foreign Exchange (SAFE), in a Q&A published on Friday.