In the third quarter of 2019, China's current account registered a surplus of RMB 383.8 billion, including a surplus of RMB 944.5 billion under trade in goods, a deficit of RMB 506.0 billion under trade in services, a deficit of RMB 70.0 billion under primary income and a surplus of RMB 15.3 billion under secondary income. In the capital and financial accounts, foreign direct investment recorded a deficit of RMB 52.1 billion.
In the first three quarters of 2019, China's current account registered a surplus of RMB 982.2 billion, including a surplus of RMB 2358.3 billion under trade in goods, a deficit of RMB 1382.7 billion under trade in services, a deficit of RMB 45.6 billion under primary income and a surplus of RMB 52.2 billion under secondary income. In the capital and financial accounts, foreign direct investment recorded a surplus of RMB 185.6 billion.
In the US dollar terms, in the third quarter of 2019, China's current account registered a surplus of USD 54.9 billion, including a surplus of USD 135.2 billion under trade in goods, a deficit of USD 72.4 billion under trade in services, a deficit of USD 10.0 billion under primary income and a surplus of USD 2.2 billion under secondary income. In the capital and financial accounts, foreign direct investment recorded a deficit of USD 7.5 billion.
In the US dollar terms, in the first three quarters of 2019, China's current account registered a surplus of USD 143.2 billion,including a surplus of USD 343.5 billion under trade in goods, a deficit of USD 201.7 billion under trade in services, a deficit of USD 6.3 billion under primary income and a surplus of USD 7.6 billion under secondary income. In the capital and financial accounts, foreign direct investment recorded a surplus of USD 27.7 billion.
In SDR terms, in the third quarter of 2019, China's current account registered a surplus of SDR 40.0 billion, including a surplus of SDR 98.4 billion under trade in goods, and a deficit of SDR 52.7 billion under trade in services. In the capital and financial accounts, foreign direct investment recorded a deficit of SDR 5.4 billion.
In SDR terms, in the first three quarters of 2019, China's current account registered a surplus of SDR 103.5 billion, includinga surplus of SDR 248.5 billion under trade in goods, and a deficit of SDR 145.8 billion under trade in services. In the capital and financial accounts, foreign direct investment recorded a surplus of SDR 19.9 billion.
China's Balance of Payments (Preliminary Data)
Unit:RMB 100 million
Item | Line No. | Q3 2019 | First 3 quarters, 2019 |
1. Current account | 1 | 3,838 | 9,822 |
Credit | 2 | 53,209 | 148,860 |
Debit | 3 | -49,372 | -139,038 |
1. A Goods and Services | 4 | 4,385 | 9,756 |
Credit | 5 | 48,559 | 134,593 |
Debit | 6 | -44,174 | -124,836 |
1.A.a Goods | 7 | 9,445 | 23,583 |
Credit | 8 | 44,375 | 122,369 |
Debit | 9 | -34,930 | -98,787 |
1.A.b Services | 10 | -5,060 | -13,827 |
Credit | 11 | 4,183 | 12,223 |
Debit | 12 | -9,244 | -26,050 |
1.A.b.1 Processing services | 13 | 264 | 790 |
Credit | 14 | 272 | 808 |
Debit | 15 | -8 | -18 |
1.A.b.2 Maintenance and Repair Services | 16 | 48 | 347 |
Credit | 17 | 123 | 530 |
Debit | 18 | -75 | -183 |
1.A.b.3 Transport | 19 | -1,153 | -3,022 |
Credit | 20 | 813 | 2,312 |
Debit | 21 | -1,966 | -5,334 |
1.A.b.4 Travel | 22 | -4,003 | -11,484 |
Credit | 23 | 624 | 1,790 |
Debit | 24 | -4,627 | -13,274 |
1.A.b.5 Construction | 25 | 68 | 237 |
Credit | 26 | 233 | 709 |
Debit | 27 | -165 | -472 |
1.A.b.6 Insurance and Pension Services | 28 | -111 | -333 |
Credit | 29 | 80 | 218 |
Debit | 30 | -192 | -551 |
1.A.b.7 Financial Services | 31 | 17 | 65 |
Credit | 32 | 56 | 184 |
Debit | 33 | -39 | -119 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -496 | -1,455 |
Credit | 35 | 109 | 342 |
Debit | 36 | -605 | -1,796 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 143 | 355 |
Credit | 38 | 637 | 1,731 |
Debit | 39 | -494 | -1,376 |
1.A.b.10 Other Business Services | 40 | 301 | 970 |
Credit | 41 | 1,197 | 3,474 |
Debit | 42 | -897 | -2,504 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -61 | -160 |
Credit | 44 | 13 | 44 |
Debit | 45 | -74 | -203 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -76 | -139 |
Credit | 47 | 26 | 82 |
Debit | 48 | -102 | -221 |
1.B Primary Income | 49 | -700 | -456 |
Credit | 50 | 4,199 | 12,939 |
Debit | 51 | -4,900 | -13,396 |
1.C Secondary Income | 52 | 153 | 522 |
Credit | 53 | 451 | 1,328 |
Debit | 54 | -298 | -806 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -3,838 | -926 |
2.1 Capital Account | 56 | -17 | -23 |
Credit | 57 | 3 | 11 |
Debit | 58 | -19 | -33 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -3,821 | -903 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -4,900 | -1,825 |
Including: 2.2.1.1 Direct Investment | 61 | -521 | 1,856 |
2.2.1.1.1 Assets | 62 | -1,578 | -4,749 |
2.2.1.1.2 Liabilities | 63 | 1,057 | 6,605 |
2.2.2 Reserve Assets | 64 | 1,079 | 922 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -13 | -21 |
2.2.2.3 Reserve position in the IMF | 67 | -24 | -8 |
2.2.2.4 Foreign exchange reserves | 68 | 1,115 | 951 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -8,896 |
Note: 1. The table is compiled according to BPM6.
2. "Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances,unless marked with "Credit" or "Debit".
3.The RMB denominated BOP statement is converted from the USD denominated BOP statement for the quarter using the quarterly average central parity rate of RMB against USD.
4. The preliminary data for the first three quarters of 2019 is the sum of the formal data of the BOP for Q1 and Q2 2019 and the preliminary data for Q3 2019.
5. This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit:USD 100 million
Item | Line No. | Q3 2019 | First 3 quarters, 2019 |
1. Current account | 1 | 549 | 1,432 |
Credit | 2 | 7,615 | 21,719 |
Debit | 3 | -7,066 | -20,287 |
1. A Goods and Services | 4 | 628 | 1,418 |
Credit | 5 | 6,949 | 19,635 |
Debit | 6 | -6,322 | -18,217 |
1.A.a Goods | 7 | 1,352 | 3,435 |
Credit | 8 | 6,351 | 17,850 |
Debit | 9 | -4,999 | -14,415 |
1.A.b Services | 10 | -724 | -2,017 |
Credit | 11 | 599 | 1,785 |
Debit | 12 | -1,323 | -3,802 |
1.A.b.1 Processing services | 13 | 38 | 115 |
Credit | 14 | 39 | 118 |
Debit | 15 | -1 | -3 |
1.A.b.2 Maintenance and Repair Services | 16 | 7 | 51 |
Credit | 17 | 18 | 78 |
Debit | 18 | -11 | -27 |
1.A.b.3 Transport | 19 | -165 | -441 |
Credit | 20 | 116 | 337 |
Debit | 21 | -281 | -778 |
1.A.b.4 Travel | 22 | -573 | -1,676 |
Credit | 23 | 89 | 261 |
Debit | 24 | -662 | -1,938 |
1.A.b.5 Construction | 25 | 10 | 35 |
Credit | 26 | 33 | 104 |
Debit | 27 | -24 | -69 |
1.A.b.6 Insurance and Pension Services | 28 | -16 | -49 |
Credit | 29 | 11 | 32 |
Debit | 30 | -27 | -80 |
1.A.b.7 Financial Services | 31 | 2 | 10 |
Credit | 32 | 8 | 27 |
Debit | 33 | -6 | -17 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -71 | -212 |
Credit | 35 | 16 | 50 |
Debit | 36 | -87 | -262 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 21 | 52 |
Credit | 38 | 91 | 253 |
Debit | 39 | -71 | -201 |
1.A.b.10 Other Business Services | 40 | 43 | 142 |
Credit | 41 | 171 | 507 |
Debit | 42 | -128 | -365 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -9 | -23 |
Credit | 44 | 2 | 6 |
Debit | 45 | -11 | -30 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -11 | -20 |
Credit | 47 | 4 | 12 |
Debit | 48 | -15 | -32 |
1.B Primary Income | 49 | -100 | -63 |
Credit | 50 | 601 | 1,890 |
Debit | 51 | -701 | -1,953 |
1.C Secondary Income | 52 | 22 | 76 |
Credit | 53 | 65 | 194 |
Debit | 54 | -43 | -118 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -549 | -120 |
2.1 Capital Account | 56 | -2 | -3 |
Credit | 57 | 0 | 2 |
Debit | 58 | -3 | -5 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -547 | -116 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -701 | -247 |
Including: 2.2.1.1 Direct Investment | 61 | -75 | 277 |
2.2.1.1.1 Assets | 62 | -226 | -693 |
2.2.1.1.2 Liabilities | 63 | 151 | 970 |
2.2.2 Reserve Assets | 64 | 154 | 130 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -2 | -3 |
2.2.2.3 Reserve position in the IMF | 67 | -3 | -1 |
2.2.2.4 Foreign exchange reserves | 68 | 160 | 134 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -1,312 |
Note: 1. The table is compiled according to BPM6.
2. "Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances,unless marked with "Credit" or "Debit".
3. The preliminary amount for the first three quarters of 2019 is the sum of the formal data of the BOP for Q1 and Q2 2019 and the preliminary data for Q3 2019.
4. This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit:SDR 100 million
Item | Line No. | Q3 2019 | First 3 quarters, 2019 |
1. Current account | 1 | 400 | 1,035 |
Credit | 2 | 5,542 | 15,700 |
Debit | 3 | -5,142 | -14,665 |
1. A Goods and Services | 4 | 457 | 1,027 |
Credit | 5 | 5,057 | 14,194 |
Debit | 6 | -4,601 | -13,167 |
1.A.a Goods | 7 | 984 | 2,485 |
Credit | 8 | 4,622 | 12,904 |
Debit | 9 | -3,638 | -10,420 |
1.A.b Services | 10 | -527 | -1,458 |
Credit | 11 | 436 | 1,290 |
Debit | 12 | -963 | -2,748 |
1.A.b.1 Processing services | 13 | 27 | 83 |
Credit | 14 | 28 | 85 |
Debit | 15 | -1 | -2 |
1.A.b.2 Maintenance and Repair Services | 16 | 5 | 37 |
Credit | 17 | 13 | 56 |
Debit | 18 | -8 | -19 |
1.A.b.3 Transport | 19 | -120 | -319 |
Credit | 20 | 85 | 244 |
Debit | 21 | -205 | -562 |
1.A.b.4 Travel | 22 | -417 | -1,212 |
Credit | 23 | 65 | 189 |
Debit | 24 | -482 | -1,400 |
1.A.b.5 Construction | 25 | 7 | 25 |
Credit | 26 | 24 | 75 |
Debit | 27 | -17 | -50 |
1.A.b.6 Insurance and Pension Services | 28 | -12 | -35 |
Credit | 29 | 8 | 23 |
Debit | 30 | -20 | -58 |
1.A.b.7 Financial Services | 31 | 2 | 7 |
Credit | 32 | 6 | 19 |
Debit | 33 | -4 | -13 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -52 | -153 |
Credit | 35 | 11 | 36 |
Debit | 36 | -63 | -189 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 15 | 37 |
Credit | 38 | 66 | 183 |
Debit | 39 | -51 | -145 |
1.A.b.10 Other Business Services | 40 | 31 | 102 |
Credit | 41 | 125 | 367 |
Debit | 42 | -93 | -264 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -6 | -17 |
Credit | 44 | 1 | 5 |
Debit | 45 | -8 | -21 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -8 | -15 |
Credit | 47 | 3 | 9 |
Debit | 48 | -11 | -23 |
1.B Primary Income | 49 | -73 | -47 |
Credit | 50 | 437 | 1,366 |
Debit | 51 | -510 | -1,412 |
1.C Secondary Income | 52 | 16 | 55 |
Credit | 53 | 47 | 140 |
Debit | 54 | -31 | -85 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -400 | -90 |
2.1 Capital Account | 56 | -2 | -2 |
Credit | 57 | 0 | 1 |
Debit | 58 | -2 | -4 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -398 | -88 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -510 | -183 |
Including: 2.2.1.1 Direct Investment | 61 | -54 | 199 |
2.2.1.1.1 Assets | 62 | -164 | -501 |
2.2.1.1.2 Liabilities | 63 | 110 | 700 |
2.2.2 Reserve Assets | 64 | 112 | 95 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -1 | -2 |
2.2.2.3 Reserve position in the IMF | 67 | -3 | -1 |
2.2.2.4 Foreign exchange reserves | 68 | 116 | 98 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -945 |
Notes: 1. The table is compiled according to BPM6.
2. "Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances,unless marked with "Credit" or "Debit".
3. The SDR denominated quarterly BOP statementis converted from the USD denominated BOP statement for the quarter using the quarterly average exchange rate of SDR against USD.
4. The preliminary data for the first three quarters of 2019 is the sum of the formal data of the BOP for Q1 and Q2 2019 and the preliminary data for Q3 2019.
5. This table employs rounded-off numbers.
