China’s current account surplus hits 2.3%; IMF cautions on risks

The IMF has urged China to address external imbalances, despite a 2.3 per cent GDP current account surplus in 2024, driven by strong exports.
Capital outflows and RMB depreciation remain concerns, while the IMF recommends reducing industrial policies, liberalising trade, and encouraging investment.
Financial outflows and a historic low in FDI were noted.