China posts current account surplus in H1

China recorded a current account surplus of 2.62 trillion yuan (approx. 388.5 billion U.S. dollars) in the first half of 2026, according to data released by the State Administration of Foreign Exchange on Friday.

The surplus in trade in goods stood at 3.63 trillion yuan in the first half, while trade in services posted a deficit of 772 billion yuan, the data showed.

China's shipbuilding industry maintained its leading position in the world across the three major indicators in the first nine months this year, according to data released on Friday by the Ministry of Industry and Information Technology.

From January to September, the country's shipbuilding output reached 58.05 million deadweight tonnes (DWT), up 50.7 percent year on year and accounting for 63.6 percent of the global total, the data showed.

New orders totaled 175.29 million DWT during the period, surging 163.2 percent from a year earlier and representing 81.8 percent of the global market share.

As of the end of September, the sector's holding orders stood at 399.13 million DWT, up 64.8 percent year on year. This volume accounted for 72.4 percent of the global total.

The proportion of China's new orders of green energy-powered ships reached 74.1 percent of the global total, up 5.7 percentage points compared with the January-June period.

"China has received over two thirds of the world's new orders of green energy-powered ships this year. In fact, the volume of new orders of green energy-powered ships received by China in the first half of the year already exceeded that of the whole of last year. The sector's economic benefits will rise significantly, and may even surpass the historical peak. That will make a positive contribution to the growth of the industrial economy," said Li Yanqing, vice chairman of the China Association of the National Shipbuilding Industry.