In the fourth quarter of 2019, China's current account registered a surplus of RMB 282.0 billion, including a surplus of RMB 864.0 billion under trade in goods, a deficit of RMB 419.6 billion under trade in services, a deficit of RMB 180.6 billion under primary income and a surplus of RMB 18.3 billion under secondary income. In the capital and financial accounts, foreign direct investment recorded a surplus of RMB 204.2 billion.
In 2019,China's current account registered a surplus of RMB 1224.2 billion, including a surplus of RMB 3197.0 billion under trade in goods, a deficit of RMB 1802.7 billion under trade in services, a deficit of RMB 240.7 billion under primary income and a surplus of RMB 70.5 billion under secondary income. In the capital and financial accounts, foreign direct investment recorded a surplus of RMB 406.5 billion.
In the US dollar terms, in the fourth quarter of 2019, China's current account registered a surplus of USD 40.1 billion, including a surplus of USD 122.9 billion under trade in goods, a deficit of USD 59.7 billion under trade in services, a deficit of USD 25.7 billion under primary income and a surplus of USD 2.6 billion under secondary income. In the capital and financial accounts, foreign direct investment recorded a surplus of USD 29.0 billion.
In the US dollar terms, in 2019, China's current account registered a surplus of USD 177.5 billion, including a surplus of USD 462.8 billion under trade in goods, a deficit of USD 261.4 billion under trade in services, a deficit of USD 34.0 billion under primary income and a surplus of USD 10.2 billion under secondary income. In the capital and financial accounts, foreign direct investment recorded a surplus of USD 59.1 billion.
In SDR terms, in the fourth quarter of 2019, China's current account registered a surplus of SDR 29.2 billion, including a surplus of SDR 89.4 billion under trade in goods, and a deficit of SDR 43.4 billion under trade in services. In the capital and financial accounts, foreign direct investment recorded a surplus of SDR 21.1 billion.
In SDR terms, in 2019, China's current account registered a surplus of SDR 92.7 billion,including a surplus of SDR 239.5 billion under trade in goods, and a deficit of SDR 136.5 billion under trade in services. In the capital and financial accounts, foreign direct investment recorded a surplus of SDR 46.4 billion. (End)
China's Balance of Payments ( Preliminary Data)
Unit: RMB 100 million
Item | Line No. | Q4 2019 | 2019 |
1. Current account | 1 | 2,820 | 12,242 |
Credit | 2 | 53,655 | 202,561 |
Debit | 3 | -50,835 | -190,320 |
1. A Goods and Services | 4 | 4,444 | 13,943 |
Credit | 5 | 49,984 | 184,573 |
Debit | 6 | -45,540 | -170,629 |
1.A.a Goods | 7 | 8,640 | 31,970 |
Credit | 8 | 45,358 | 167,727 |
Debit | 9 | -36,718 | -135,757 |
1.A.b Services | 10 | -4,196 | -18,027 |
Credit | 11 | 4,626 | 16,846 |
Debit | 12 | -8,823 | -34,873 |
1.A.b.1 Processing services | 13 | 269 | 1,059 |
Credit | 14 | 277 | 1,085 |
Debit | 15 | -8 | -26 |
1.A.b.2 Maintenance and Repair Services | 16 | 96 | 443 |
Credit | 17 | 169 | 700 |
Debit | 18 | -73 | -256 |
1.A.b.3 Transport | 19 | -1,040 | -4,073 |
Credit | 20 | 873 | 3,185 |
Debit | 21 | -1,913 | -7,258 |
1.A.b.4 Travel | 22 | -3,597 | -15,085 |
Credit | 23 | 688 | 2,474 |
Debit | 24 | -4,286 | -17,559 |
1.A.b.5 Construction | 25 | 114 | 352 |
Credit | 26 | 286 | 995 |
Debit | 27 | -172 | -643 |
1.A.b.6 Insurance and Pension Services | 28 | -113 | -434 |
Credit | 29 | 114 | 332 |
Debit | 30 | -226 | -766 |
1.A.b.7 Financial Services | 31 | 37 | 102 |
Credit | 32 | 83 | 267 |
Debit | 33 | -47 | -165 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -460 | -1,914 |
Credit | 35 | 113 | 455 |
Debit | 36 | -573 | -2,369 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 196 | 551 |
Credit | 38 | 679 | 2,411 |
Debit | 39 | -483 | -1,859 |
1.A.b.10 Other Business Services | 40 | 368 | 1,338 |
Credit | 41 | 1,299 | 4,773 |
Debit | 42 | -931 | -3,435 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -62 | -222 |
Credit | 44 | 16 | 59 |
Debit | 45 | -78 | -281 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -6 | -144 |
Credit | 47 | 27 | 109 |
Debit | 48 | -33 | -254 |
1.B Primary Income | 49 | -1,806 | -2,407 |
Credit | 50 | 3,215 | 16,205 |
Debit | 51 | -5,021 | -18,612 |
1.C Secondary Income | 52 | 183 | 705 |
Credit | 53 | 456 | 1,784 |
Debit | 54 | -273 | -1,079 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -2,820 | -590 |
2.1 Capital Account | 56 | 0 | -23 |
Credit | 57 | 4 | 15 |
Debit | 58 | -4 | -38 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -2,820 | -567 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -3,260 | -1,929 |
Including: 2.2.1.1 Direct Investment | 61 | 2,042 | 4,065 |
2.2.1.1.1 Assets | 62 | -1,975 | -6,734 |
2.2.1.1.2 Liabilities | 63 | 4,018 | 10,799 |
2.2.2 Reserve Assets | 64 | 440 | 1,362 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -13 | -34 |
2.2.2.3 Reserve position in the IMF | 67 | 6 | -1 |
2.2.2.4 Foreign exchange reserves | 68 | 447 | 1,397 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -11,651 |
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 2019 is the sum of the formal data of the BOP from Q1 to Q3 2019 and the preliminary data for Q42019.
5.This table employs rounded-off numbers.
China's Balance of Payments ( Preliminary Data)
Unit:USD100 million
Item | Line No. | Q4 2019 | 2019 |
1. Current account | 1 | 401 | 1,775 |
Credit | 2 | 7,631 | 29,356 |
Debit | 3 | -7,230 | -27,581 |
1. A Goods and Services | 4 | 632 | 2,013 |
Credit | 5 | 7,109 | 26,743 |
Debit | 6 | -6,477 | -24,730 |
1.A.a Goods | 7 | 1,229 | 4,628 |
Credit | 8 | 6,451 | 24,301 |
Debit | 9 | -5,222 | -19,673 |
1.A.b Services | 10 | -597 | -2,614 |
Credit | 11 | 658 | 2,442 |
Debit | 12 | -1,255 | -5,056 |
1.A.b.1 Processing services | 13 | 38 | 154 |
Credit | 14 | 39 | 157 |
Debit | 15 | -1 | -4 |
1.A.b.2 Maintenance and Repair Services | 16 | 14 | 65 |
Credit | 17 | 24 | 102 |
Debit | 18 | -10 | -37 |
1.A.b.3 Transport | 19 | -148 | -590 |
Credit | 20 | 124 | 462 |
Debit | 21 | -272 | -1,052 |
1.A.b.4 Travel | 22 | -512 | -2,189 |
Credit | 23 | 98 | 358 |
Debit | 24 | -609 | -2,547 |
1.A.b.5 Construction | 25 | 16 | 51 |
Credit | 26 | 41 | 144 |
Debit | 27 | -24 | -93 |
1.A.b.6 Insurance and Pension Services | 28 | -16 | -63 |
Credit | 29 | 16 | 48 |
Debit | 30 | -32 | -111 |
1.A.b.7 Financial Services | 31 | 5 | 15 |
Credit | 32 | 12 | 39 |
Debit | 33 | -7 | -24 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -65 | -278 |
Credit | 35 | 16 | 66 |
Debit | 36 | -82 | -344 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 28 | 80 |
Credit | 38 | 97 | 349 |
Debit | 39 | -69 | -269 |
1.A.b.10 Other Business Services | 40 | 52 | 194 |
Credit | 41 | 185 | 692 |
Debit | 42 | -132 | -498 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -9 | -32 |
Credit | 44 | 2 | 9 |
Debit | 45 | -11 | -41 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -1 | -21 |
Credit | 47 | 4 | 16 |
Debit | 48 | -5 | -37 |
1.B Primary Income | 49 | -257 | -340 |
Credit | 50 | 457 | 2,355 |
Debit | 51 | -714 | -2,695 |
1.C Secondary Income | 52 | 26 | 102 |
Credit | 53 | 65 | 259 |
Debit | 54 | -39 | -156 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -401 | -69 |
2.1 Capital Account | 56 | 0 | -3 |
Credit | 57 | 1 | 2 |
Debit | 58 | -1 | -5 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -401 | -66 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -464 | -259 |
Including: 2.2.1.1 Direct Investment | 61 | 290 | 591 |
2.2.1.1.1 Assets | 62 | -281 | -976 |
2.2.1.1.2 Liabilities | 63 | 571 | 1,567 |
2.2.2 Reserve Assets | 64 | 63 | 193 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -2 | -5 |
2.2.2.3 Reserve position in the IMF | 67 | 1 | 0 |
2.2.2.4 Foreign exchange reserves | 68 | 64 | 198 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -1,706 |
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 2019 is the sum of the formal data of the BOP from Q1 to Q3 2019 and the preliminary data for Q4 2019.
4.This table employs rounded-off numbers.
China's Balance of Payments ( Preliminary Data)
Unit: SDR 100 million
Item | Line No. | Q4 2019 | 2019 |
1. Current account | 1 | 292 | 927 |
Credit | 2 | 5,549 | 15,707 |
Debit | 3 | -5,257 | -14,780 |
1. A Goods and Services | 4 | 460 | 1,030 |
Credit | 5 | 5,169 | 14,306 |
Debit | 6 | -4,710 | -13,276 |
1.A.a Goods | 7 | 894 | 2,395 |
Credit | 8 | 4,691 | 12,974 |
Debit | 9 | -3,797 | -10,579 |
1.A.b Services | 10 | -434 | -1,365 |
Credit | 11 | 478 | 1,332 |
Debit | 12 | -912 | -2,697 |
1.A.b.1 Processing services | 13 | 28 | 84 |
Credit | 14 | 29 | 86 |
Debit | 15 | -1 | -2 |
1.A.b.2 Maintenance and Repair Services | 16 | 10 | 42 |
Credit | 17 | 18 | 61 |
Debit | 18 | -8 | -19 |
1.A.b.3 Transport | 19 | -108 | -306 |
Credit | 20 | 90 | 250 |
Debit | 21 | -198 | -555 |
1.A.b.4 Travel | 22 | -372 | -1,167 |
Credit | 23 | 71 | 195 |
Debit | 24 | -443 | -1,362 |
1.A.b.5 Construction | 25 | 12 | 30 |
Credit | 26 | 30 | 80 |
Debit | 27 | -18 | -50 |
1.A.b.6 Insurance and Pension Services | 28 | -12 | -35 |
Credit | 29 | 12 | 26 |
Debit | 30 | -23 | -62 |
1.A.b.7 Financial Services | 31 | 4 | 9 |
Credit | 32 | 9 | 22 |
Debit | 33 | -5 | -13 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -48 | -149 |
Credit | 35 | 12 | 36 |
Debit | 36 | -59 | -186 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 20 | 43 |
Credit | 38 | 70 | 186 |
Debit | 39 | -50 | -144 |
1.A.b.10 Other Business Services | 40 | 38 | 109 |
Credit | 41 | 134 | 376 |
Debit | 42 | -96 | -267 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -6 | -17 |
Credit | 44 | 2 | 5 |
Debit | 45 | -8 | -22 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -1 | -7 |
Credit | 47 | 3 | 9 |
Debit | 48 | -3 | -16 |
1.B Primary Income | 49 | -187 | -161 |
Credit | 50 | 332 | 1,261 |
Debit | 51 | -519 | -1,421 |
1.C Secondary Income | 52 | 19 | 58 |
Credit | 53 | 47 | 140 |
Debit | 54 | -28 | -82 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -292 | 18 |
2.1 Capital Account | 56 | 0 | -1 |
Credit | 57 | 0 | 1 |
Debit | 58 | 0 | -2 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -292 | 18 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -337 | -10 |
Including: 2.2.1.1 Direct Investment | 61 | 211 | 464 |
2.2.1.1.1 Assets | 62 | -204 | -541 |
2.2.1.1.2 Liabilities | 63 | 415 | 1,005 |
2.2.2 Reserve Assets | 64 | 45 | 29 |
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 | 1 | 2 |
2.2.2.4 Foreign exchange reserves | 68 | 46 | 28 |
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 statement is converted from the USD denominated BOPstatement for the quarter using the quarterly average exchange rate of SDR against USD.
4.The preliminary datafor 2019 is the sum of the formal data of the BOP from Q1 to Q3 2019 and the preliminary data for Q42019.
5.This table employs rounded-off numbers.
