In the fourth quarter of 2020, China's current account registered a surplus of RMB 860.1 billion, including a surplus of RMB 1278.8 billion under trade in goods, a deficit of RMB 187.8 billion under trade in services, a deficit of RMB 258.2 billion under primary income, and a surplus of RMB 27.3 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of RMB 378.4 billion, and reserve assets increased by RMB 162.8 billion.
In 2020, China's current account registered a surplus of RMB 2043.7 billion, including a surplus of RMB 3661.1 billion under trade in goods, a deficit of RMB 1004 billion under trade in services, a deficit of RMB677.6 billion under primary income, and a surplus of RMB 64.2 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of RMB 699.1 billion, and reserve assets increased by RMB 187.8 billion.
In the US dollar terms, in the fourth quarter of 2020, China's current account recorded a surplus of USD 130.2 billion, including a surplus of USD 193.6 billion under trade in goods, a deficit of USD 28.4 billion under trade in services, a deficit of USD 39.1 billion under primary income, and a surplus of USD 4.1 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of USD 57.3 billion, and reserve assets increased by USD 24.6 billion.
In the US dollar terms, in 2020,China's current account recorded a surplus of USD 298.9 billion, including a surplus of USD 533.8 billion under trade in goods, a deficit of USD 145.3 billion under trade in services, a deficit of USD 99 billion under primary income, and a surplus of USD 9.4 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of USD 103.4 billion, and reserve assets increased by USD 28 billion.
In SDR terms, in the fourth quarter of 2020, China posted a surplus of SDR 91.4 billion under the current account, including a surplus of SDR 135.9 billion under trade in goods, a deficit of SDR 20 billion under trade in services. In the capital and financial accounts, direct investments recorded a surplus of SDR 40.2 billion, and reserve assets increased by SDR 17.3 billion.
In SDR terms, in 2020, China posted a surplus of SDR 212.5 billion under the current account, including a surplus of SDR 381.7 billion under trade in goods, a deficit of SDR 105.1 billion under trade in services. In the capital and financial accounts, direct investments recorded a surplus of SDR 73.6 billion, and reserve assets increased by SDR 19.3 billion. (End)
China's Balance of Payments (Preliminary Data)
Unit:RMB 100 million
Item | Line No. | 2020 Q4 | 2020 |
1. Current account | 1 | 8,601 | 20,437 |
Credit | 2 | 58,732 | 207,292 |
Debit | 3 | -50,130 | -186,855 |
1. A Goods and Services | 4 | 10,911 | 26,571 |
Credit | 5 | 54,032 | 188,526 |
Debit | 6 | -43,122 | -161,955 |
1.A.a Goods | 7 | 12,788 | 36,611 |
Credit | 8 | 49,565 | 172,337 |
Debit | 9 | -36,777 | -135,726 |
1.A.b Services | 10 | -1,878 | -10,040 |
Credit | 11 | 4,467 | 16,189 |
Debit | 12 | -6,345 | -26,229 |
1.A.b.1 Processing services | 13 | 217 | 876 |
Credit | 14 | 226 | 910 |
Debit | 15 | -9 | -34 |
1.A.b.2 Maintenance and Repair Services | 16 | 72 | 296 |
Credit | 17 | 136 | 528 |
Debit | 18 | -64 | -232 |
1.A.b.3 Transport | 19 | -501 | -2,629 |
Credit | 20 | 1,186 | 3,892 |
Debit | 21 | -1,688 | -6,521 |
1.A.b.4 Travel | 22 | -1,701 | -8,022 |
Credit | 23 | 206 | 984 |
Debit | 24 | -1,907 | -9,005 |
1.A.b.5 Construction | 25 | 128 | 314 |
Credit | 26 | 282 | 869 |
Debit | 27 | -154 | -555 |
1.A.b.6 Insurance and Pension Services | 28 | -95 | -481 |
Credit | 29 | 110 | 370 |
Debit | 30 | -205 | -851 |
1.A.b.7 Financial Services | 31 | 19 | 66 |
Credit | 32 | 82 | 294 |
Debit | 33 | -63 | -228 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -496 | -2,014 |
Credit | 35 | 155 | 589 |
Debit | 36 | -651 | -2,603 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 132 | 403 |
Credit | 38 | 716 | 2,675 |
Debit | 39 | -585 | -2,272 |
1.A.b.10 Other Business Services | 40 | 381 | 1,360 |
Credit | 41 | 1,306 | 4,835 |
Debit | 42 | -925 | -3,475 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -40 | -137 |
Credit | 44 | 19 | 70 |
Debit | 45 | -59 | -207 |
1.A.b.12 Government Goods and Services n.i.e | 46 | 6 | -73 |
Credit | 47 | 42 | 173 |
Debit | 48 | -36 | -246 |
1.B Primary Income | 49 | -2,582 | -6,776 |
Credit | 50 | 4,013 | 16,195 |
Debit | 51 | -6,595 | -22,971 |
1.C Secondary Income | 52 | 273 | 642 |
Credit | 53 | 686 | 2,571 |
Debit | 54 | -413 | -1,929 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -8,601 | -13,762 |
2.1 Capital Account | 56 | 3 | -6 |
Credit | 57 | 4 | 11 |
Debit | 58 | -1 | -17 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -8,604 | -13,756 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -6,976 | -11,878 |
Including: 2.2.1.1 Direct Investment | 61 | 3,784 | 6,991 |
2.2.1.1.1 Assets | 62 | -1,944 | -7,553 |
2.2.1.1.2 Liabilities | 63 | 5,728 | 14,544 |
2.2.2 Reserve Assets | 64 | -1,628 | -1,878 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -4 | 7 |
2.2.2.3 Reserve position in the IMF | 67 | -56 | -132 |
2.2.2.4 Foreign exchange reserves | 68 | -1,567 | -1,753 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | 0 | -6,676 |
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 amount for 2020 is the sum of the official amounts of the BOP from 2020Q1 to 2020 Q3, and the preliminary amount for 2020Q4.
5. This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit: USD 100 million
Item | Line No. | 2020 Q4 | 2020 |
1. Current account | 1 | 1,302 | 2,989 |
Credit | 2 | 8,889 | 30,134 |
Debit | 3 | -7,587 | -27,145 |
1. A Goods and Services | 4 | 1,651 | 3,885 |
Credit | 5 | 8,178 | 27,412 |
Debit | 6 | -6,527 | -23,527 |
1.A.a Goods | 7 | 1,936 | 5,338 |
Credit | 8 | 7,502 | 25,060 |
Debit | 9 | -5,566 | -19,722 |
1.A.b Services | 10 | -284 | -1,453 |
Credit | 11 | 676 | 2,352 |
Debit | 12 | -960 | -3,805 |
1.A.b.1 Processing services | 13 | 33 | 127 |
Credit | 14 | 34 | 132 |
Debit | 15 | -1 | -5 |
1.A.b.2 Maintenance and Repair Services | 16 | 11 | 43 |
Credit | 17 | 21 | 77 |
Debit | 18 | -10 | -34 |
1.A.b.3 Transport | 19 | -76 | -381 |
Credit | 20 | 180 | 566 |
Debit | 21 | -255 | -947 |
1.A.b.4 Travel | 22 | -257 | -1,162 |
Credit | 23 | 31 | 142 |
Debit | 24 | -289 | -1,305 |
1.A.b.5 Construction | 25 | 19 | 46 |
Credit | 26 | 43 | 127 |
Debit | 27 | -23 | -81 |
1.A.b.6 Insurance and Pension Services | 28 | -14 | -70 |
Credit | 29 | 17 | 54 |
Debit | 30 | -31 | -123 |
1.A.b.7 Financial Services | 31 | 3 | 10 |
Credit | 32 | 12 | 43 |
Debit | 33 | -9 | -33 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -75 | -292 |
Credit | 35 | 24 | 86 |
Debit | 36 | -99 | -378 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 20 | 59 |
Credit | 38 | 108 | 389 |
Debit | 39 | -88 | -330 |
1.A.b.10 Other Business Services | 40 | 58 | 198 |
Credit | 41 | 198 | 702 |
Debit | 42 | -140 | -504 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -6 | -20 |
Credit | 44 | 3 | 10 |
Debit | 45 | -9 | -30 |
1.A.b.12 Government Goods and Services n.i.e | 46 | 1 | -11 |
Credit | 47 | 6 | 25 |
Debit | 48 | -5 | -36 |
1.B Primary Income | 49 | -391 | -990 |
Credit | 50 | 607 | 2,348 |
Debit | 51 | -998 | -3,339 |
1.C Secondary Income | 52 | 41 | 94 |
Credit | 53 | 104 | 373 |
Debit | 54 | -63 | -279 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -1,302 | -2,040 |
2.1 Capital Account | 56 | 0 | -1 |
Credit | 57 | 1 | 2 |
Debit | 58 | 0 | -2 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -1,302 | -2,039 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -1,056 | -1,759 |
Including: 2.2.1.1 Direct Investment | 61 | 573 | 1,034 |
2.2.1.1.1 Assets | 62 | -294 | -1,096 |
2.2.1.1.2 Liabilities | 63 | 867 | 2,130 |
2.2.2 Reserve Assets | 64 | -246 | -280 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -1 | 1 |
2.2.2.3 Reserve position in the IMF | 67 | -9 | -19 |
2.2.2.4 Foreign exchange reserves | 68 | -237 | -262 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | 0 | -949 |
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 2020 is the sum of the official amounts of the BOP from 2020Q1 to 2020 Q3, and the preliminary amount for 2020Q4.
4.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit:SDR 100 million
Item | Line No. | 2020 Q4 | 2020 |
1. Current account | 1 | 914 | 2,125 |
Credit | 2 | 6,241 | 21,670 |
Debit | 3 | -5,327 | -19,545 |
1. A Goods and Services | 4 | 1,159 | 2,766 |
Credit | 5 | 5,741 | 19,714 |
Debit | 6 | -4,582 | -16,948 |
1.A.a Goods | 7 | 1,359 | 3,817 |
Credit | 8 | 5,267 | 18,019 |
Debit | 9 | -3,908 | -14,202 |
1.A.b Services | 10 | -200 | -1,051 |
Credit | 11 | 475 | 1,695 |
Debit | 12 | -674 | -2,746 |
1.A.b.1 Processing services | 13 | 23 | 92 |
Credit | 14 | 24 | 95 |
Debit | 15 | -1 | -4 |
1.A.b.2 Maintenance and Repair Services | 16 | 8 | 31 |
Credit | 17 | 14 | 55 |
Debit | 18 | -7 | -24 |
1.A.b.3 Transport | 19 | -53 | -275 |
Credit | 20 | 126 | 407 |
Debit | 21 | -179 | -682 |
1.A.b.4 Travel | 22 | -181 | -841 |
Credit | 23 | 22 | 103 |
Debit | 24 | -203 | -945 |
1.A.b.5 Construction | 25 | 14 | 33 |
Credit | 26 | 30 | 91 |
Debit | 27 | -16 | -58 |
1.A.b.6 Insurance and Pension Services | 28 | -10 | -50 |
Credit | 29 | 12 | 39 |
Debit | 30 | -22 | -89 |
1.A.b.7 Financial Services | 31 | 2 | 7 |
Credit | 32 | 9 | 31 |
Debit | 33 | -7 | -24 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -53 | -210 |
Credit | 35 | 17 | 62 |
Debit | 36 | -69 | -272 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 14 | 42 |
Credit | 38 | 76 | 280 |
Debit | 39 | -62 | -238 |
1.A.b.10 Other Business Services | 40 | 40 | 143 |
Credit | 41 | 139 | 506 |
Debit | 42 | -98 | -363 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -4 | -14 |
Credit | 44 | 2 | 7 |
Debit | 45 | -6 | -22 |
1.A.b.12 Government Goods and Services n.i.e | 46 | 1 | -8 |
Credit | 47 | 4 | 18 |
Debit | 48 | -4 | -26 |
1.B Primary Income | 49 | -274 | -709 |
Credit | 50 | 426 | 1,687 |
Debit | 51 | -701 | -2,396 |
1.C Secondary Income | 52 | 29 | 67 |
Credit | 53 | 73 | 269 |
Debit | 54 | -44 | -202 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -914 | -1,442 |
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 | -914 | -1,442 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -741 | -1,249 |
Including: 2.2.1.1 Direct Investment | 61 | 402 | 736 |
2.2.1.1.1 Assets | 62 | -207 | -788 |
2.2.1.1.2 Liabilities | 63 | 609 | 1,524 |
2.2.2 Reserve Assets | 64 | -173 | -193 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 0 | 1 |
2.2.2.3 Reserve position in the IMF | 67 | -6 | -14 |
2.2.2.4 Foreign exchange reserves | 68 | -167 | -180 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | 0 | -682 |
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 BOP statement for the quarter using the quarterly average exchange rate of SDR against USD.
4.The preliminary amount for 2020 is the sum of the official amounts of the BOP from 2020Q1 to 2020 Q3, and the preliminary amount for 2020Q4.
5.This table employs rounded-off numbers.
