The State Administration of Foreign Exchange (SAFE) released China's Balance of Payments for Q3 and the first three quarters of 2025. Data shows that in Q3 2025, China's current account surplus was RMB 1,416.5 billion, and the capital and financial account deficit was RMB 1,714.4 billion. For the first three quarters of 2025, China's current account surplus was RMB 3,529.1 billion, and the capital and financial account deficit was RMB 3,708.0 billion. In USD terms, in Q3 2025, China's current account surplus was $198.7 billion, of which the goods trade surplus was $269.5 billion, the services trade deficit was $49.3 billion, the primary income deficit was $29.6 billion, and the secondary income surplus was $8.1 billion. The capital and financial account deficit was $240.5 billion, of which the capital account surplus was $0.1 billion, and the financial account deficit was $240.5 billion.