China’s Current Account Surplus Hits $378B in First Half of 2026

The composition here is more telling than the headline number: services exports outpacing imports by a wide margin suggests China's external position is broadening beyond goods, a shift that matters for how global trade and capital flows are read. For crypto and RWA markets, large, persistent surpluses keep the question of renminbi convertibility and cross-border settlement channels in focus. Whether the services momentum continues, and whether it changes the calculus on capital account liberalisation, is the open question.