In the first quarter of 2020, China's current account registered a deficit of RMB 235.2 billion, and the capital and financial accounts recorded a surplus of RMB 77.4 billion.
In SDR terms, in the first quarter of 2020, China posted a deficit of SDR 25.0 billion under the current account, and a surplus of SDR 8.2 billion under the capital and financial accounts.
In the US dollar terms, in the first quarter, China's current account recorded a deficit of USD 33.7 billion, including a surplus of USD 23.1 billion under trade in goods, a deficit of USD 47.0 billion under trade in services, a deficit of USD 11.3 billion under primary income and a surplus of USD 1.6 billion under secondary income. The capital and financial accounts recorded a surplus of USD 11.1 billion, including a deficit of USD 100 million under the capital account, a surplus of USD 16.3 under direct investment, a deficit of USD 53.2 billion under portfolio investment, a deficit of USD 4.6 billion under financial derivatives, a surplusof USD 27.7 billion under other investment, and reserves assets decreased by USD 25.1 billion. (End)
Abridged Balance of Payments, Q1 2020
Item | Line No. | RMB 100 million | USD 100 million | SDR 100 million |
1. Current Account | 1 | -2,352 | -337 | -250 |
Credit | 2 | 38,797 | 5,559 | 4,128 |
Debit | 3 | -41,148 | -5,896 | -4,379 |
1. A Goods and Services | 4 | -1,671 | -239 | -178 |
Credit | 5 | 36,312 | 5,203 | 3,864 |
Debit | 6 | -37,983 | -5,442 | -4,042 |
1.A.a Goods | 7 | 1,612 | 231 | 172 |
Credit | 8 | 32,513 | 4,659 | 3,460 |
Debit | 9 | -30,901 | -4,428 | -3,288 |
1.A.b Services | 10 | -3,283 | -470 | -349 |
Credit | 11 | 3,799 | 544 | 404 |
Debit | 12 | -7,082 | -1,015 | -754 |
1.B Primary Income | 13 | -791 | -113 | -84 |
Credit | 14 | 1,845 | 264 | 196 |
Debit | 15 | -2,636 | -378 | -281 |
1.C Secondary Income | 16 | 111 | 16 | 12 |
Credit | 17 | 640 | 92 | 68 |
Debit | 18 | -529 | -76 | -56 |
2. Capital and Financial Account | 19 | 774 | 111 | 82 |
2.1 Capital Account | 20 | -6 | -1 | -1 |
Credit | 21 | 1 | 0 | 0 |
Debit | 22 | -8 | -1 | -1 |
2.2 Financial Account | 23 | 781 | 112 | 83 |
Assets | 24 | -3,574 | -512 | -380 |
Liabilities | 25 | 4,355 | 624 | 463 |
2.2.1 Financial Account Excluding Reserve Assets | 26 | -968 | -139 | -103 |
2.2.1.1 Direct Investment | 27 | 1,138 | 163 | 121 |
Assets | 28 | -1,257 | -180 | -134 |
Liabilities | 29 | 2,394 | 343 | 255 |
2.2.1.2 Portfolio Investment | 30 | -3,712 | -532 | -395 |
Assets | 31 | -3,595 | -515 | -383 |
Liabilities | 32 | -117 | -17 | -12 |
2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options | 33 | -324 | -46 | -35 |
Assets | 34 | -245 | -35 | -26 |
Liabilities | 35 | -79 | -11 | -8 |
2.2.1.4 Other Investment | 36 | 1,931 | 277 | 205 |
Assets | 37 | -226 | -32 | -24 |
Liabilities | 38 | 2,157 | 309 | 230 |
2.2.2 Reserve Assets | 39 | 1,749 | 251 | 186 |
3. Net Errors and Omissions | 40 | 1,577 | 226 | 168 |
Notes:
1.The statement is compiled according to BPM6. Reserve assets are included in capital and financial accounts.
2."Credit" is presented as positive value while "debit" as negative value, and the difference is the sum of the "Credit" and the"Debit". All items herein refer to difference, unless marked with"Credit" or "Debit".
3.The RMB denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the quarterly average central parity rate of RMB against USD. The quarterly accumulated RMB denominated BOP data is derived from the sum total of the RMB denominated data for the quarters.
4.The SDR denominated quarterly BOP data is converted from the USD denominatedBOP data for the quarter using the quarterly average exchange rate of SDR against USD. The quarterly accumulated SDR denominated BOP data is derived from the sum total of the SDR denominated data for the quarters.
5.This statement employs rounded-off numbers.
6.For detailed data, please see the section of “Dataand Statistics”at the website of the SAFE.
