The SAFE recently released the revised data on China’s Balance of Payments Statement for the second quarter and the first half of 2011.
In Q2 of 2011 the current account and the capital and financial account continued to post a "twin surplus" and international reserves maintained a growing momentum. The surplus under the current account totaled USD59 billion. Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods and current transfers reached USD66.9 billion and USD6.5 billion, respectively, whereas the deficit in trade in services and income amounted to USD11 billion and USD3.3 billion respectively. Meanwhile, China’s surplus under the capital and financial account totaled USD97.7 billion. In particular, net inflows of direct investments, portfolio investments, and other investments amounted to USD47.9 billion, USD11.1 billion, and USD37.3 billion respectively. International reserves registered an increase of USD142.5 billion (exclusive of changes in the value of non-transaction factors such as exchange rates and prices). Specifically, foreign exchange reserve assets posted an increase of USD143 billion.
In addition, the BOP Analysis Team of the SAFE released China’s Balance of Payments Report for the first half of 2011 so as to facilitate understanding of the data and analysis of China’s balance of payments among all groups in society.
