• Contcat Us
Sunday, October 5, 2025
Nigeria Today
  • Home
  • News

    China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

    Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

    China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

    China Commissions New Chinese Corner in FCT School to Deepen Educational Ties with Nigeria

  • World

    Bangladesh prime minister resigns, flees country after deadly protests

    U.S Supreme Court disqualifies Trump from 2024 presidency

    Calling President Xi a dictator ‘absurd and irresponsible’, China tells Biden

    Biden and China’s Xi met for three hours. Here’s what they talked about

  • Nigeria

    NCSP DG Urges Legislative Action to Deepen Nigeria-China Economic Cooperation

    FG Abandons Lagos-Calabar Coastal Highway Route, Reverts to Original Alignment

    Chinese-constructed light rail helps ease traffic flow in Nigeria’s Lagos

    We’ll Work With President-Elect Tinubu On Economy, Security & Job Creation – Chinese Envoy

  • Politics

    APC Affirms One-China Principle, Lauds Nigeria-China Partnership

    China’s national legislature opens annual session in Beijing

    Key highlights of President Xi Jinping’s meeting with President Tinubu

    Gov Uba Sani Engages CCECC in Beijing to Boost Kaduna State Projects

  • Opinion

    My China Story: A Journey Through Beijing, Wuxi, and Qingdao

    Several Common Fallacies on the Taiwan Question

    Chinanization And Nigerianization Of An International Agenda: A Symphony Of President Xi And Tinubu In Global Governance Structuration

    Understanding President Xi’s Global Governance Initiative and its Impact on Africa and Nigeria

  • Sport

    2025 World Relays: Chinese Embassy Refutes Claims of Visa Delays for Nigerian Contingent

    Haopeng Cup: CGC Wins 2024 CGCCN Basketball League

    China wins 12 Olympic swimming medals in Paris, shrugs off doping row

    Chinese athletes ready to chase perfection in Paris 2024

  • Culture

    China & Nigeria Celebrate International Day for Dialogue Among Civilizations

    Nigerian Students Shine at 24th Chinese Bridge Competition in Abuja

    China Marks 2025 International Chinese Language Day in Abuja

    Chinese Embassy in Nigeria Celebrates 2025 Spring Festival with Temple Fair

  • Videos
No Result
View All Result
  • Home
  • News

    China And Nigeria Reaffirm Strategic Partnership at PRC’s 76th Anniversary Celebration

    Experts, Diplomats Discuss Global Governance Initiative at Abuja Seminar

    China Commissions 15th Chinese Corner in Abuja to Boost Cultural and Educational Exchange

    China Commissions New Chinese Corner in FCT School to Deepen Educational Ties with Nigeria

  • World

    Bangladesh prime minister resigns, flees country after deadly protests

    U.S Supreme Court disqualifies Trump from 2024 presidency

    Calling President Xi a dictator ‘absurd and irresponsible’, China tells Biden

    Biden and China’s Xi met for three hours. Here’s what they talked about

  • Nigeria

    NCSP DG Urges Legislative Action to Deepen Nigeria-China Economic Cooperation

    FG Abandons Lagos-Calabar Coastal Highway Route, Reverts to Original Alignment

    Chinese-constructed light rail helps ease traffic flow in Nigeria’s Lagos

    We’ll Work With President-Elect Tinubu On Economy, Security & Job Creation – Chinese Envoy

  • Politics

    APC Affirms One-China Principle, Lauds Nigeria-China Partnership

    China’s national legislature opens annual session in Beijing

    Key highlights of President Xi Jinping’s meeting with President Tinubu

    Gov Uba Sani Engages CCECC in Beijing to Boost Kaduna State Projects

  • Opinion

    My China Story: A Journey Through Beijing, Wuxi, and Qingdao

    Several Common Fallacies on the Taiwan Question

    Chinanization And Nigerianization Of An International Agenda: A Symphony Of President Xi And Tinubu In Global Governance Structuration

    Understanding President Xi’s Global Governance Initiative and its Impact on Africa and Nigeria

  • Sport

    2025 World Relays: Chinese Embassy Refutes Claims of Visa Delays for Nigerian Contingent

    Haopeng Cup: CGC Wins 2024 CGCCN Basketball League

    China wins 12 Olympic swimming medals in Paris, shrugs off doping row

    Chinese athletes ready to chase perfection in Paris 2024

  • Culture

    China & Nigeria Celebrate International Day for Dialogue Among Civilizations

    Nigerian Students Shine at 24th Chinese Bridge Competition in Abuja

    China Marks 2025 International Chinese Language Day in Abuja

    Chinese Embassy in Nigeria Celebrates 2025 Spring Festival with Temple Fair

  • Videos
No Result
View All Result
Nigeria Today
No Result
View All Result
Home China

China reports current account surplus in 2023

by Nigeria Today
February 19, 2024
Reading Time: 1 min read
0
(230720) -- TANGSHAN, July 20, 2023 (Xinhua) -- This aerial photo taken on July 19, 2023 shows a ship berthing at a cargo terminal of Tangshan Port in Tangshan, north China's Hebei Province. The foreign trade cargo throughput in Tangshan Port reached 160.95 million tonnes from January to June, up 28.8 percent year on year. (Xinhua/Yang Shiyao)

(230720) -- TANGSHAN, July 20, 2023 (Xinhua) -- This aerial photo taken on July 19, 2023 shows a ship berthing at a cargo terminal of Tangshan Port in Tangshan, north China's Hebei Province. The foreign trade cargo throughput in Tangshan Port reached 160.95 million tonnes from January to June, up 28.8 percent year on year. (Xinhua/Yang Shiyao)

1
SHARES
1
VIEWS
Share on FacebookShare on Twitter

China’s current account surplus amounted to 264.2 billion U.S. dollars in 2023, the country’s foreign exchange regulator said on Sunday.

The current account surplus to gross domestic product ratio was 1.5 percent last year, which is within a reasonable and balanced range, according to the State Administration of Foreign Exchange.

Data released by the administration further highlighted that the surplus under trade in goods hit $608 billion last year, marking the second-highest level in history. Wang Chunying, spokesperson for the administration, attributed this growth to China’s expanding foreign trade quarter by quarter, driven by the economic recovery trend.

Despite the positive numbers, certain sectors like tourism and transportation continued to face deficits. The tourism sector recorded a shortfall of $180.6 billion, emphasizing the challenges these industries are encountering.

On the capital front, foreign investment in China experienced a net inflow, while overseas investment in the domestic securities market showed improvement. This trend indicates a strong willingness among foreign investors to engage in business in China and invest in RMB assets.

Looking towards 2024, Wang expressed optimism about China’s ability to maintain basic equilibrium in the balance of payments. With improvements in both internal and external environments, China seems to have a solid foundation and conditions necessary to sustain this equilibrium.

Tags: CHINACurrent Account

Related Posts

China

Xi Proposes Global Governance Initiative at SCO Plus Meeting in Tianjin

September 1, 2025
China

Chinese Embassy Hosts Film Screening to Mark 80th Anniversary of WWII Victory

August 30, 2025
Africa

CAR Viral Video Attempt to Undermine Chinese Company, China-Africa Relations, says SINOAFRIK

July 29, 2025
China

China and Mauritania Celebrate 60 Years of Unwavering Partnership

July 21, 2025
China

Chinese Embassy Addresses Telecoms and Online Fraud Cases, Pledges Enhanced Cooperation with Nigeria

July 8, 2025
China

Chinese premier calls on BRICS to be vanguard in advancing global governance reform

July 7, 2025
Next Post

China's LPR drops amid intensified efforts to bolster economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Chinese Firm Not Involved In Shooting Of Immigration Officer – CGCCN

March 28, 2025

China Chamber of Commerce refutes media reports of alleged discrimination at Chinese Supermarket

April 22, 2024

FCT Schools win big at 2024 China-Nigeria Cultural Fiesta & Dancing Competition

November 7, 2024

China’s Independent Policy Of Peace And Friendly Cooperation

October 25, 2022

New Chinese Corner Inaugurated at FCT School

October 29, 2024

EDITOR'S PICK

On July 29 local time, the U.S.-China Economic and Trade Cooperation Forum was held in New York City. The picture shows Ren Hongbin, President of the CCPIT, delivering a speech. (PRNewsfoto/China International Supply Chain Expo)

U.S.-China Economic Forum Highlights Commitment to Strengthening Supply Chain Cooperation

August 5, 2024

The World Must Unite Against US Tariffs, Says Chinese Ambassador to Nigeria

April 18, 2025

Nigeria Reaffirms Commitment to Strengthening Ties with China

March 12, 2025

China’s vehicle sales rise 27.4% in November

December 11, 2023
Facebook Twitter Youtube Whatsapp

About

Nigeria Today is a platform dedicated to bringing you precise and accurate news and information about Nigeria.

Follow us

Categories

  • Africa
  • Art and life
  • Business
  • China
  • Culture
  • entertainment
  • Health
  • News
  • Nigeria
  • Opinion
  • Politics
  • POPULAR NEWS
  • Science
  • Sport
  • Tech
  • Travel
  • Uncategorized
  • Videos
  • World

Recent Posts

  • My China Story: A Journey Through Beijing, Wuxi, and Qingdao
  • Several Common Fallacies on the Taiwan Question
  • China, Nigeria Deepen Cultural Ties at Mid-Autumn Festival Celebration in Abuja
  • China to establish Africa’s first local insulin production facility in Nigeria

© 2022 Nigeria-Today - News & Magazine

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Politics
  • World
  • Nigeria
  • Opinion
  • Sport
  • Culture

© 2022 Nigeria-Today - News & Magazine