In Q3 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 USD53.4 billion. Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods and current transfers reached USD85.3 billion and USD4.9 billion, respectively, whereas the deficit in trade in services and income amounted to USD20.3 billion and USD16.4 billion, respectively. Meanwhile, China ’s surplus under the capital and financial account (excluding net errors and omissions) totaled USD66.2 billion. In particular, net inflows of direct investments, portfolio investments, and other investments amounted to USD28.7 billion, USD9.9 billion, and USD26.2 billion, respectively. International reserves registered an increase of USD91.7 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 USD92.1 billion.

In the first three quarters of 2011, the surplus under the current account was USD141.2 billion and that under the capital and financial account (excluding net errors and omissions) was USD250.1 billion. China ’s international reserve assets posted an increase of USD375.4 billion.