Initial estimations reveal that in Q4 of 2010 the current account and the capital and financial account (including net errors and omissions) continued to post a surplus and international reserves maintained their growing momentum. In Q4, the surplus under the current account totaled USD102.2 billion, a year-on-year increase of 13 percent as calculated on a comparable basis (the same below). Specifically, the surpluses in goods, income, and current transfers reached USD82.9 billion, USD9.5 billion, and USD12.3 billion, respectively, whereas the deficit in trade in services amounted to USD2.4 billion Meanwhile, China's surplus under the capital and financial account (including net errors and omissions) totaled USD83.5 billion. In particular, net inflows of direct investments amounted to USD43.3 billion. International reserves assets posted an increase of USD185.7 billion, a year-on-year increase of 49 percent. Specifically, transactions in foreign exchange reserve assets registered an increase of USD185.3 billion (exclusive of the influence of changes in value due to non-transaction factors such as exchange rates and prices) and the reserve position in the IMF registered an increase of USD400 million.
In 2010, China's surplus under the current account totaled USD306.2 billion, an increase of 25 percent compared with that in the previous year. The surplus under the capital and financial account (including net errors and omissions) totaled USD165.6 billion. International reserve assets posted an increase of USD471.7 billion, an increase of 18 percent compared with that in the previous year.
Balance of Payments 1 (Preliminary Data)
Unit: USD100 million
| Item | # | Q4 of 2010 | Year 20102 |
| I. Current Account | 1 | 1022 | 3062 |
| A. Goods and Services | 2 | 805 | 2360 |
| a. Goods | 3 | 829 | 2540 |
| Credit | 4 | 4445 | 15815 |
| Debit | 5 | 3616 | 13275 |
| b. Services | 6 | -24 | -180 |
| B. Income | 7 | 95 | 277 |
| C. Current Transfers | 8 | 123 | 425 |
| II. Capital and Financial Account3 | 9 | 835 | 1656 |
| Incl.: Direct investment | 10 | 433 | 1298 |
| III. Reserve Assets | 11 | -1857 | -4717 |
| 3.1 Monetary Gold | 12 | 0 | 0 |
| 3.2 Special Drawing Rights | 13 | 0 | -1 |
| 3.3 Reserves Position in the Fund | 14 | -4 | -21 |
| 3.4 Foreign Exchange | 15 | -1853 | -4696 |
| 3.5 Other Claims | 16 | 0 | 0 |
Notes:
1. This statement employs rounded-off numbers.
2. The preliminary data for 2010 equal the sum total of the revised data for the first three quarters of 2010 and the preliminary data for Q4 of 2010.
3. The data under the capital and financial account in this statement equal the difference between the current account balance and the amount of change in reserve assets, including net errors and omissions.
