In the second quarter of 2021, China's current account registered a surplus of RMB 340.9 billion, including a surplus of RMB 723 billion under trade in goods, a deficit of RMB 139.7 billion under trade in services, a deficit of RMB 271.3 billion under primary income, and a surplus of RMB 28.9 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of RMB 309.8 billion, and reserve assets increased by RMB 322 billion.
In the first half of 2021, China's current account registered a surplus of RMB 791.2 billion, including a surplus of RMB 1492.6 billion under trade in goods, a deficit of RMB 283.6 billion under trade in services, a deficit of RMB 461.9 billion under primary income, and a surplus of RMB 44 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of RMB 800.7 billion, and reserve assets increased by RMB 548.9 billion.
In the US dollar terms, in the second quarter of 2021, China's current account recorded a surplus of USD 52.8 billion, including a surplus of USD 111.9 billion under trade in goods, a deficit of USD 21.6 billion under trade in services, a deficit of USD 42 billion under primary income, and a surplus of USD 4.5 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of USD 48 billion, and reserve assets increased by USD 49.9 billion.
In the US dollar terms, in the first half of 2021, China's current account recorded a surplus of USD 122.2 billion, including a surplus of USD 230.6 billion under trade in goods, a deficit of USD 43.8 billion under trade in services, a deficit of USD 71.4 billion under primary income, and a surplus of USD 6.8 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of USD 123.7 billion, and reserve assets increased by USD 84.9 billion.
In SDR terms, in the second quarter of 2021, China posted a surplus of SDR 36.8 billion under the current account, including a surplus of SDR 78 billion under trade in goods, a deficit of SDR 15.1 billion under trade in services. In the capital and financial accounts, foreign direct investments recorded a surplus of SDR 33.4 billion, and reserve assets increased by SDR 34.7 billion.
In SDR terms, in first half of 2021, China posted a surplus of SDR 85.1 billion under the current account, including a surplus of SDR 160.6 billion under trade in goods, a deficit of SDR 30.5 billion under trade in services. In the capital and financial accounts, foreign direct investments recorded a surplus of SDR 86.1 billion, and reserve assets increased by SDR 59.1 billion. (End)
China's Balance of Payments ( Preliminary Data)
Unit: RMB 100 million
Item | Line No. | 2021 Q2 | 2021 H1 |
1. Current account | 1 | 3,409 | 7,912 |
Credit | 2 | 60,582 | 115,266 |
Debit | 3 | -57,173 | -107,354 |
1. A Goods and Services | 4 | 5,833 | 12,090 |
Credit | 5 | 53,992 | 103,693 |
Debit | 6 | -48,160 | -91,603 |
1.A.a Goods | 7 | 7,230 | 14,926 |
Credit | 8 | 49,045 | 94,057 |
Debit | 9 | -41,815 | -79,131 |
1.A.b Services | 10 | -1,397 | -2,836 |
Credit | 11 | 4,948 | 9,635 |
Debit | 12 | -6,345 | -12,471 |
1.A.b.1 Processing services | 13 | 216 | 424 |
Credit | 14 | 227 | 444 |
Debit | 15 | -11 | -20 |
1.A.b.2 Maintenance and Repair Services | 16 | 49 | 118 |
Credit | 17 | 113 | 229 |
Debit | 18 | -64 | -111 |
1.A.b.3 Transport | 19 | -261 | -487 |
Credit | 20 | 1,687 | 3,166 |
Debit | 21 | -1,948 | -3,653 |
1.A.b.4 Travel | 22 | -1,303 | -2,871 |
Credit | 23 | 200 | 374 |
Debit | 24 | -1,503 | -3,245 |
1.A.b.5 Construction | 25 | 86 | 116 |
Credit | 26 | 235 | 423 |
Debit | 27 | -149 | -307 |
1.A.b.6 Insurance and Pension Services | 28 | -172 | -270 |
Credit | 29 | 83 | 169 |
Debit | 30 | -255 | -439 |
1.A.b.7 Financial Services | 31 | -8 | 26 |
Credit | 32 | 55 | 146 |
Debit | 33 | -63 | -120 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -558 | -1,011 |
Credit | 35 | 203 | 384 |
Debit | 36 | -761 | -1,395 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 182 | 264 |
Credit | 38 | 824 | 1,579 |
Debit | 39 | -642 | -1,315 |
1.A.b.10 Other Business Services | 40 | 416 | 975 |
Credit | 41 | 1,271 | 2,629 |
Debit | 42 | -855 | -1,654 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -40 | -61 |
Credit | 44 | 23 | 43 |
Debit | 45 | -63 | -104 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -5 | -58 |
Credit | 47 | 27 | 50 |
Debit | 48 | -32 | -108 |
1.B Primary Income | 49 | -2,713 | -4,619 |
Credit | 50 | 5,807 | 10,115 |
Debit | 51 | -8,520 | -14,734 |
1.C Secondary Income | 52 | 289 | 440 |
Credit | 53 | 783 | 1,458 |
Debit | 54 | -494 | -1,018 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -3,409 | -7,916 |
2.1 Capital Account | 56 | 2 | -1 |
Credit | 57 | 3 | 5 |
Debit | 58 | -2 | -6 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -3,410 | -7,915 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -191 | -2,426 |
Including: 2.2.1.1 Direct Investment | 61 | 3,098 | 8,007 |
2.2.1.1.1 Assets | 62 | -2,196 | -3,617 |
2.2.1.1.2 Liabilities | 63 | 5,294 | 11,624 |
2.2.2 Reserve Assets | 64 | -3,220 | -5,489 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 0 | -2 |
2.2.2.3 Reserve position in the IMF | 67 | 2 | 23 |
2.2.2.4 Foreign exchange reserves | 68 | -3,222 | -5,511 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | 4 |
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 USDdenominated BOP statement for the quarter using the quarterly average central parity rate of RMB against USD.
4.The preliminary amount for the first half of 2021 is the sum of the official amounts of the BOP for 2021Q1 and the preliminary amount for 2021Q2.
5.This table employs rounded-off numbers.
China's Balance of Payments ( Preliminary Data)
Unit: USD 100 million
Item | Line No. | 2021 Q2 | 2021 H1 |
1. Current account | 1 | 528 | 1,222 |
Credit | 2 | 9,381 | 17,814 |
Debit | 3 | -8,853 | -16,591 |
1. A Goods and Services | 4 | 903 | 1,868 |
Credit | 5 | 8,360 | 16,025 |
Debit | 6 | -7,457 | -14,157 |
1.A.a Goods | 7 | 1,119 | 2,306 |
Credit | 8 | 7,594 | 14,536 |
Debit | 9 | -6,475 | -12,229 |
1.A.b Services | 10 | -216 | -438 |
Credit | 11 | 766 | 1,489 |
Debit | 12 | -982 | -1,927 |
1.A.b.1 Processing services | 13 | 33 | 66 |
Credit | 14 | 35 | 69 |
Debit | 15 | -2 | -3 |
1.A.b.2 Maintenance and Repair Services | 16 | 8 | 18 |
Credit | 17 | 17 | 35 |
Debit | 18 | -10 | -17 |
1.A.b.3 Transport | 19 | -40 | -75 |
Credit | 20 | 261 | 489 |
Debit | 21 | -302 | -565 |
1.A.b.4 Travel | 22 | -202 | -444 |
Credit | 23 | 31 | 58 |
Debit | 24 | -233 | -501 |
1.A.b.5 Construction | 25 | 13 | 18 |
Credit | 26 | 36 | 65 |
Debit | 27 | -23 | -47 |
1.A.b.6 Insurance and Pension Services | 28 | -27 | -42 |
Credit | 29 | 13 | 26 |
Debit | 30 | -40 | -68 |
1.A.b.7 Financial Services | 31 | -1 | 4 |
Credit | 32 | 9 | 23 |
Debit | 33 | -10 | -19 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -86 | -156 |
Credit | 35 | 31 | 59 |
Debit | 36 | -118 | -216 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 28 | 41 |
Credit | 38 | 128 | 244 |
Debit | 39 | -99 | -203 |
1.A.b.10 Other Business Services | 40 | 64 | 151 |
Credit | 41 | 197 | 406 |
Debit | 42 | -132 | -256 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -6 | -9 |
Credit | 44 | 4 | 7 |
Debit | 45 | -10 | -16 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -1 | -9 |
Credit | 47 | 4 | 8 |
Debit | 48 | -5 | -17 |
1.B Primary Income | 49 | -420 | -714 |
Credit | 50 | 899 | 1,564 |
Debit | 51 | -1,319 | -2,277 |
1.C Secondary Income | 52 | 45 | 68 |
Credit | 53 | 121 | 225 |
Debit | 54 | -76 | -157 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -528 | -1,223 |
2.1 Capital Account | 56 | 0 | 0 |
Credit | 57 | 1 | 1 |
Debit | 58 | 0 | -1 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -528 | -1,223 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -30 | -374 |
Including: 2.2.1.1 Direct Investment | 61 | 480 | 1,237 |
2.2.1.1.1 Assets | 62 | -340 | -559 |
2.2.1.1.2 Liabilities | 63 | 820 | 1,796 |
2.2.2 Reserve Assets | 64 | -499 | -849 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 0 | 0 |
2.2.2.3 Reserve position in the IMF | 67 | 0 | 4 |
2.2.2.4 Foreign exchange reserves | 68 | -499 | -852 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | 1 |
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 half of 2021 is the sum of the official amounts of the BOP for 2021Q1 and the preliminary amount for 2021Q2.
4.This table employs rounded-off numbers.
China's Balance of Payments ( Preliminary Data)
Unit: SDR 100 million
Item | Line No. | 2021 Q2 | 2021 H1 |
1. Current account | 1 | 368 | 851 |
Credit | 2 | 6,537 | 12,407 |
Debit | 3 | -6,170 | -11,556 |
1. A Goods and Services | 4 | 629 | 1,301 |
Credit | 5 | 5,826 | 11,161 |
Debit | 6 | -5,197 | -9,860 |
1.A.a Goods | 7 | 780 | 1,606 |
Credit | 8 | 5,292 | 10,124 |
Debit | 9 | -4,512 | -8,518 |
1.A.b Services | 10 | -151 | -305 |
Credit | 11 | 534 | 1,037 |
Debit | 12 | -685 | -1,342 |
1.A.b.1 Processing services | 13 | 23 | 46 |
Credit | 14 | 24 | 48 |
Debit | 15 | -1 | -2 |
1.A.b.2 Maintenance and Repair Services | 16 | 5 | 13 |
Credit | 17 | 12 | 25 |
Debit | 18 | -7 | -12 |
1.A.b.3 Transport | 19 | -28 | -52 |
Credit | 20 | 182 | 341 |
Debit | 21 | -210 | -393 |
1.A.b.4 Travel | 22 | -141 | -309 |
Credit | 23 | 22 | 40 |
Debit | 24 | -162 | -349 |
1.A.b.5 Construction | 25 | 9 | 13 |
Credit | 26 | 25 | 46 |
Debit | 27 | -16 | -33 |
1.A.b.6 Insurance and Pension Services | 28 | -19 | -29 |
Credit | 29 | 9 | 18 |
Debit | 30 | -28 | -47 |
1.A.b.7 Financial Services | 31 | -1 | 3 |
Credit | 32 | 6 | 16 |
Debit | 33 | -7 | -13 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -60 | -109 |
Credit | 35 | 22 | 41 |
Debit | 36 | -82 | -150 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 20 | 28 |
Credit | 38 | 89 | 170 |
Debit | 39 | -69 | -141 |
1.A.b.10 Other Business Services | 40 | 45 | 105 |
Credit | 41 | 137 | 283 |
Debit | 42 | -92 | -178 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -4 | -7 |
Credit | 44 | 2 | 5 |
Debit | 45 | -7 | -11 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -1 | -6 |
Credit | 47 | 3 | 5 |
Debit | 48 | -3 | -12 |
1.B Primary Income | 49 | -293 | -497 |
Credit | 50 | 627 | 1,089 |
Debit | 51 | -919 | -1,586 |
1.C Secondary Income | 52 | 31 | 47 |
Credit | 53 | 84 | 157 |
Debit | 54 | -53 | -110 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -368 | -852 |
2.1 Capital Account | 56 | 0 | 0 |
Credit | 57 | 0 | 1 |
Debit | 58 | 0 | -1 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -368 | -852 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -21 | -261 |
Including: 2.2.1.1 Direct Investment | 61 | 334 | 861 |
2.2.1.1.1 Assets | 62 | -237 | -390 |
2.2.1.1.2 Liabilities | 63 | 571 | 1,251 |
2.2.2 Reserve Assets | 64 | -347 | -591 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 0 | 0 |
2.2.2.3 Reserve position in the IMF | 67 | 0 | 3 |
2.2.2.4 Foreign exchange reserves | 68 | -348 | -593 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | 0 |
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 the first half of 2021 is the sum of the official amounts of the BOP for 2021Q1 and the preliminary amount for 2021Q2.
5. This table employs rounded-off numbers.
