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SAFE News
  • Index number:
    000014453-2019-0220
  • Dispatch date:
    2010-10-12
  • Publish organization:
    State Administration of Foreign Exchange
  • Exchange Reference number:
  • Name:
    SAFE Releases Revised Data on China's Balance of Payments Statement for the Second Quarter and the First Half of 2010
SAFE Releases Revised Data on China's Balance of Payments Statement for the Second Quarter and the First Half of 2010

In Q2 of 2010 the current account and the capital and financial account continued to post a "twin surplus" and international reserves maintained growing momentum. China's surplus under the current account totaled USD72.9 billion, an increase of 35 percent year on year. Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods, income, and current transfers reached USD59.5 billion, USD8 billion, and USD9.9 billion, respectively, whereas the deficit in trade in services amounted to USD4.5 billion. Meanwhile, China's surplus under the capital and financial account totaled USD25.8 billion, a decrease of 68 percent year on year. In particular, the net inflows of direct investments and other investments amounted to USD21.5 billion and USD12.4 billion respectively, whereas the net outflows of portfolio investments reached USD9.5 billion. International reserve assets posted an increase of USD82.1 billion, a drop of 17 percent year on year as calculated on a comparable basis. Specifically, transactions in foreign exchange reserve assets registered an increase of USD81.1 billion (exclusive of the influence of non-transaction value change factors such as exchange rates and prices) and the reserve position in IMF registered an increase of USD900 million.

In the first half of 2010, China's surplus under the current account totaled USD126.5 billion, a decrease of 6 percent year on year. Meanwhile, China's surplus under the capital and financial account totaled USD90 billion, an increase of 48 percent year on year. International reserve assets posted an increase of USD178 billion, a rise of 8 percent as calculated on a comparable basis.

In addition, the BOP Analysis Team of the SAFE released China's Balance of Payments Report for the First Half of 2010 in order to facilitate an understanding of the data and analysis of China's balance of payments among all social groups.





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