Global EditionASIA 中文双语Français
Home / Business / Macro

China's foreign trade in goods registers surplus of $25.9b

Xinhua | Updated: 2023-03-15 20:23
Share - WeChat
This aerial photo taken on Jan 31, 2023 shows a cargo ship docking at a container terminal of Ningbo Zhoushan Port in East China's Zhejiang province. [Photo/Xinhua]

BEIJING -- China's foreign trade in goods registered a surplus of $25.9 billion in February, on par with the same period last year, the country's forex regulator said Wednesday.

China's service trade deficit was $4.3 billion last month, slightly down both on a monthly basis and on a yearly basis, data from the State Administration of Foreign Exchange (SAFE) shows.

SAFE data also shows that forex settlement by banks was basically equal to sales in February, and that foreign-related receipts and payments of non-banking sectors became more balanced.

"China's forex market has the basis and conditions to maintain steady operations," said Wang Chunying, deputy director and spokesperson of SAFE.

With pro-growth policies showing effects and the economy picking up, China has a more solid foundation to see stable cross-border capital flows, Wang said.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349