China's current account surplus in the first three quarters

| gov.cn

China's current account surplus in the first three quarters

Maintain a high scale of direct investment in China

Preliminary data on China's balance of payments account released by the State Administration of Foreign Exchange on the 8th show that in the first three quarters of this year, China's current account showed a surplus, cross-border capital flows were stable, and China's balance of payments remained basically balanced.

Specifically, first, there is a current account surplus, in which the trade surplus in goods increases and the trade deficit in services shrinks. In the first three quarters, the current account surplus was $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. Under trade in services, the deficits in travel, transport and intellectual property royalties fell by 8 per cent, 15 per cent and 10 per cent, respectively, from a year earlier.

Second, direct investment in China remains on a relatively high scale. In the first three quarters, there was a net inflow of $27.7 billion in direct investment. 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.

Third, there is a surplus in securities investment, and the two-way capital flow is active. According to preliminary statistics, in the first three quarters, China's securities investment surplus was about 40 billion US dollars. 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.

Fourth, reserve assets are basically stable. In the first three quarters, reserve assets fell by $13 billion as a result of balance-of-payments transactions. Taking into account the exchange rate, prices and other non-trading factors, at the end of September this year, China's reserve assets balance of 3.2045 trillion US dollars, an increase of 36.5 billion US dollars over the end of last year.

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 in the first three quarters

China's current account surplus in the first three quarters

| gov.cn

China's current account surplus in the first three quarters

Maintain a high scale of direct investment in China

Preliminary data on China's balance of payments account released by the State Administration of Foreign Exchange on the 8th show that in the first three quarters of this year, China's current account showed a surplus, cross-border capital flows were stable, and China's balance of payments remained basically balanced.

Specifically, first, there is a current account surplus, in which the trade surplus in goods increases and the trade deficit in services shrinks. In the first three quarters, the current account surplus was $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. Under trade in services, the deficits in travel, transport and intellectual property royalties fell by 8 per cent, 15 per cent and 10 per cent, respectively, from a year earlier.

Second, direct investment in China remains on a relatively high scale. In the first three quarters, there was a net inflow of $27.7 billion in direct investment. 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.

Third, there is a surplus in securities investment, and the two-way capital flow is active. According to preliminary statistics, in the first three quarters, China's securities investment surplus was about 40 billion US dollars. 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.

Fourth, reserve assets are basically stable. In the first three quarters, reserve assets fell by $13 billion as a result of balance-of-payments transactions. Taking into account the exchange rate, prices and other non-trading factors, at the end of September this year, China's reserve assets balance of 3.2045 trillion US dollars, an increase of 36.5 billion US dollars over the end of last year.

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 in the first three quarters



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