8 August 2025 | 11:04PM HKT China: Q2 2025 BOP data show solid current account surplus; we revise up our BBOP forecast Bottom line: China's preliminary Balance of Payments (BOP) data showed solid current account surplus and a narrower capital/financial account deficit in Q2 2025, although SAFE data suggest that portfolio investment outflows likely accelerated from Q1 to Q2. The current account surplus decreased to 2.9% of GDP in Q2 from 3.8% in Q1 2025 (not seasonally adjusted), and FX reserves decreased ag ...