China's current account surplus of $143.2 billion in the first three quarters of 2019

| gov.cn

Xinhua News Agency, Beijing, 8 Nov (Reporter Liu Kaixiong) the State Administration of Foreign Exchange (safe) released preliminary data on China's balance of payments account on 8 November. Data show that in the first three quarters of 2019, China had a current account surplus of $143.2 billion, compared with a deficit of $5.5 billion in the same period last year. Of this total, the balance of payments trade surplus in goods was US $343.5 billion, an increase of 34 percent over the same period last year, while the trade deficit in services was US $201.7 billion, down 12 percent from the same period last year.

According to preliminary statistics, there was a net direct investment inflow of $27.7 billion in the first three quarters of 2019. Of this total, the net outflow of foreign direct investment was $69.3 billion, while the net inflow of foreign direct investment to China was $97 billion, which remained at a relatively high level. In the first three quarters of 2019, China's securities investment surplus was about $40 billion. Of this total, China has invested more than US $60 billion in foreign securities and more than US $100 billion in securities investment in China. Taking into account the exchange rate, prices and other non-trading factors, at the end of September 2019, the balance of reserve assets in China was $3.2045 trillion, an increase of $36.5 billion over the end of 2018.

"in the first three quarters of 2019, China showed a current account surplus, direct investment in China remained on a high scale, securities investment showed a surplus, two-way capital flows were active, and reserve assets were basically stable." Wang Chunying, spokesman for the State Administration of Foreign Exchange and chief economist, said: on the whole, in the context of China's long-term improvement in economic fundamentals and the sustained promotion of all-round opening up to the outside world, It is expected that the balance of payments for the whole year will continue to show an overall stable and basically balanced pattern.

China's current account surplus of $143.2 billion in the first three quarters of 2019

| gov.cn

Xinhua News Agency, Beijing, 8 Nov (Reporter Liu Kaixiong) the State Administration of Foreign Exchange (safe) released preliminary data on China's balance of payments account on 8 November. Data show that in the first three quarters of 2019, China had a current account surplus of $143.2 billion, compared with a deficit of $5.5 billion in the same period last year. Of this total, the balance of payments trade surplus in goods was US $343.5 billion, an increase of 34 percent over the same period last year, while the trade deficit in services was US $201.7 billion, down 12 percent from the same period last year.

According to preliminary statistics, there was a net direct investment inflow of $27.7 billion in the first three quarters of 2019. Of this total, the net outflow of foreign direct investment was $69.3 billion, while the net inflow of foreign direct investment to China was $97 billion, which remained at a relatively high level. In the first three quarters of 2019, China's securities investment surplus was about $40 billion. Of this total, China has invested more than US $60 billion in foreign securities and more than US $100 billion in securities investment in China. Taking into account the exchange rate, prices and other non-trading factors, at the end of September 2019, the balance of reserve assets in China was $3.2045 trillion, an increase of $36.5 billion over the end of 2018.

"in the first three quarters of 2019, China showed a current account surplus, direct investment in China remained on a high scale, securities investment showed a surplus, two-way capital flows were active, and reserve assets were basically stable." Wang Chunying, spokesman for the State Administration of Foreign Exchange and chief economist, said: on the whole, in the context of China's long-term improvement in economic fundamentals and the sustained promotion of all-round opening up to the outside world, It is expected that the balance of payments for the whole year will continue to show an overall stable and basically balanced pattern.





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