In the third quarter of 2021, China's current account registered a surplus of RMB 518.3 billion, including a surplus of RMB 915.2 billion under trade in goods, a deficit of RMB 204.1 billion under trade in services, a deficit of RMB 216.1 billion under primary income, and a surplus of RMB 23.4 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of RMB 273.9 billion, and reserve assets increased by RMB 397.3 billion, of which RMB 271.6 billion was from the allocation of Special Drawing Right (SDR) by IMF.
In the first three quarters of 2021, China's current account registered a surplus of RMB 1313.3 billion, including a surplus of RMB 2456 billion under trade in goods, a deficit of RMB 530.8 billion under trade in services, a deficit of RMB 678.6 billion under primary income, and a surplus of RMB 66.7 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of RMB 1059.3 billion, and reserve assets increased by RMB 946.7 billion.
In the US dollar terms, in the third quarter of 2021, China's current account recorded a surplus of USD 80.1 billion, including a surplus of USD 141.4 billion under trade in goods, a deficit of USD 31.5 billion under trade in services, a deficit of USD 33.4 billion under primary income, and a surplus of USD 3.6 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of USD 42.3 billion, and reserve assets increased by USD 61.4 billion, of which USD 41.9 billion was from the allocation of SDR by IMF.
In the US dollar terms, in the first three quarters of 2021, China's current account recorded a surplus of USD 202.8 billion, including a surplus of USD 379.6 billion under trade in goods, a deficit of USD 82.1 billion under trade in services, a deficit of USD 105 billion under primary income, and a surplus of USD 10.3 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of USD 163.6 billion, and reserve assets increased by USD 146.4 billion.
In SDR terms, in the third quarter of 2021, China posted a surplus of SDR 56.3 billion under the current account, including a surplus of SDR 99.4 billion under trade in goods, a deficit of SDR 22.2 billion under trade in services. In the capital and financial accounts, direct investments recorded a surplus of SDR 29.8 billion, and reserve assets increased by SDR 43.2 billion, of which SDR 29.5 billion was from the allocation of SDR by IMF.
In SDR terms, in first three quarters of 2021, China posted a surplus of SDR 141.8 billion under the current account, including a surplus of SDR 265.3 billion under trade in goods, a deficit of SDR 57.4 billion under trade in services. In the capital and financial accounts, direct investments recorded a surplus of SDR 114.2 billion, and reserve assets increased by SDR 102.3 billion. (End)
China's Balance of Payments (Preliminary Data)
Unit:RMB 100 million
Item | Line No. | 2021 Q3 | 2021 First Three Quarters |
1. Current account | 1 | 5,183 | 13,133 |
Credit | 2 | 65,023 | 180,433 |
Debit | 3 | -59,840 | -167,300 |
1. A Goods and Services | 4 | 7,111 | 19,252 |
Credit | 5 | 59,632 | 163,509 |
Debit | 6 | -52,522 | -144,257 |
1.A.a Goods | 7 | 9,152 | 24,560 |
Credit | 8 | 53,985 | 148,215 |
Debit | 9 | -44,833 | -123,655 |
1.A.b Services | 10 | -2,041 | -5,308 |
Credit | 11 | 5,648 | 15,293 |
Debit | 12 | -7,689 | -20,601 |
1.A.b.1 Processing services | 13 | 218 | 643 |
Credit | 14 | 231 | 676 |
Debit | 15 | -13 | -33 |
1.A.b.2 Maintenance and Repair Services | 16 | 65 | 182 |
Credit | 17 | 131 | 360 |
Debit | 18 | -67 | -178 |
1.A.b.3 Transport | 19 | -257 | -1,144 |
Credit | 20 | 2,306 | 5,471 |
Debit | 21 | -2,563 | -6,615 |
1.A.b.4 Travel | 22 | -1,812 | -4,684 |
Credit | 23 | 175 | 547 |
Debit | 24 | -1,988 | -5,231 |
1.A.b.5 Construction | 25 | 92 | 204 |
Credit | 26 | 258 | 677 |
Debit | 27 | -165 | -472 |
1.A.b.6 Insurance and Pension Services | 28 | -238 | -541 |
Credit | 29 | 75 | 248 |
Debit | 30 | -313 | -789 |
1.A.b.7 Financial Services | 31 | -68 | -45 |
Credit | 32 | 89 | 247 |
Debit | 33 | -158 | -293 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -667 | -1,678 |
Credit | 35 | 172 | 557 |
Debit | 36 | -840 | -2,235 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 159 | 430 |
Credit | 38 | 802 | 2,380 |
Debit | 39 | -643 | -1,950 |
1.A.b.10 Other Business Services | 40 | 530 | 1,506 |
Credit | 41 | 1,358 | 3,988 |
Debit | 42 | -828 | -2,482 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -24 | -85 |
Credit | 44 | 24 | 68 |
Debit | 45 | -48 | -153 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -38 | -96 |
Credit | 47 | 25 | 75 |
Debit | 48 | -63 | -171 |
1.B Primary Income | 49 | -2,161 | -6,786 |
Credit | 50 | 4,637 | 14,703 |
Debit | 51 | -6,798 | -21,489 |
1.C Secondary Income | 52 | 234 | 667 |
Credit | 53 | 754 | 2221 |
Debit | 54 | -520 | -1554 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -5,183 | -8,843 |
2.1 Capital Account | 56 | 7 | 6 |
Credit | 57 | 9 | 14 |
Debit | 58 | -2 | -7 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -5,190 | -8,849 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -1,217 | 618 |
Including: 2.2.1.1 Direct Investment | 61 | 2,739 | 10,593 |
2.2.1.1.1 Assets | 62 | -1,924 | -5,526 |
2.2.1.1.2 Liabilities | 63 | 4,663 | 16,119 |
2.2.2 Reserve Assets | 64 | -3973 | -9467 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -2716 | -2722 |
2.2.2.3 Reserve position in the IMF | 67 | 13 | 32 |
2.2.2.4 Foreign exchange reserves | 68 | -1271 | -6777 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -4290 |
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 period average central parity rate of RMB against USD.
4.The preliminary amount for the first three quarters of 2021 is the sum of the official amounts of the BOP for 2021Q1 and 2021Q2, and the preliminary amount for 2021Q3.
5.This table employs rounded-off numbers.
China's Balance of Payments (PreliminaryData)
Unit: USD 100 million
Item | Line No. | 2021 Q3 | 2021 First Three Quarters |
1. Current account | 1 | 801 | 2,028 |
Credit | 2 | 10,049 | 27,887 |
Debit | 3 | -9,248 | -25,858 |
1. A Goods and Services | 4 | 1,099 | 2,975 |
Credit | 5 | 9,216 | 25,271 |
Debit | 6 | -8,118 | -22,296 |
1.A.a Goods | 7 | 1,414 | 3,796 |
Credit | 8 | 8,343 | 22,907 |
Debit | 9 | -6,929 | -19,112 |
1.A.b Services | 10 | -315 | -821 |
Credit | 11 | 873 | 2,364 |
Debit | 12 | -1,188 | -3,184 |
1.A.b.1 Processing services | 13 | 34 | 99 |
Credit | 14 | 36 | 104 |
Debit | 15 | -2 | -5 |
1.A.b.2 Maintenance and Repair Services | 16 | 10 | 28 |
Credit | 17 | 20 | 56 |
Debit | 18 | -10 | -28 |
1.A.b.3 Transport | 19 | -40 | -177 |
Credit | 20 | 356 | 846 |
Debit | 21 | -396 | -1,023 |
1.A.b.4 Travel | 22 | -280 | -724 |
Credit | 23 | 27 | 85 |
Debit | 24 | -307 | -808 |
1.A.b.5 Construction | 25 | 14 | 32 |
Credit | 26 | 40 | 105 |
Debit | 27 | -26 | -73 |
1.A.b.6 Insurance and Pension Services | 28 | -37 | -84 |
Credit | 29 | 12 | 38 |
Debit | 30 | -48 | -122 |
1.A.b.7 Financial Services | 31 | -11 | -7 |
Credit | 32 | 14 | 38 |
Debit | 33 | -24 | -45 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -103 | -260 |
Credit | 35 | 27 | 86 |
Debit | 36 | -130 | -346 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 25 | 66 |
Credit | 38 | 124 | 368 |
Debit | 39 | -99 | -301 |
1.A.b.10 Other Business Services | 40 | 82 | 233 |
Credit | 41 | 210 | 616 |
Debit | 42 | -128 | -384 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -4 | -13 |
Credit | 44 | 4 | 10 |
Debit | 45 | -7 | -24 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -6 | -15 |
Credit | 47 | 4 | 12 |
Debit | 48 | -10 | -26 |
1.B Primary Income | 49 | -334 | -1,050 |
Credit | 50 | 717 | 2,272 |
Debit | 51 | -1,051 | -3,322 |
1.C Secondary Income | 52 | 36 | 103 |
Credit | 53 | 116 | 343 |
Debit | 54 | -80 | -240 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -801 | -1,362 |
2.1 Capital Account | 56 | 1 | 1 |
Credit | 57 | 1 | 2 |
Debit | 58 | 0 | -1 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -802 | -1,363 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -188 | 100 |
Including: 2.2.1.1 Direct Investment | 61 | 423 | 1,636 |
2.2.1.1.1 Assets | 62 | -298 | -855 |
2.2.1.1.2 Liabilities | 63 | 721 | 2,491 |
2.2.2 Reserve Assets | 64 | -614 | -1464 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -419 | -420 |
2.2.2.3 Reserve position in the IMF | 67 | 2 | 5 |
2.2.2.4 Foreign exchange reserves | 68 | -196 | -1048 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -666 |
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 2021 is the sum of the official amounts of the BOP for 2021Q1 and 2021Q2, and the preliminary amount for 2021Q3.
4.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit:SDR 100 million
Item | Line No. | 2021 Q3 | 2021 First Three Quarters |
1. Current account | 1 | 563 | 1,418 |
Credit | 2 | 7,068 | 19,492 |
Debit | 3 | -6,505 | -18,073 |
1. A Goods and Services | 4 | 773 | 2,080 |
Credit | 5 | 6,482 | 17,664 |
Debit | 6 | -5,709 | -15,584 |
1.A.a Goods | 7 | 994 | 2,653 |
Credit | 8 | 5,868 | 16,012 |
Debit | 9 | -4,873 | -13,359 |
1.A.b Services | 10 | -222 | -574 |
Credit | 11 | 614 | 1,652 |
Debit | 12 | -836 | -2,226 |
1.A.b.1 Processing services | 13 | 24 | 69 |
Credit | 14 | 25 | 73 |
Debit | 15 | -1 | -4 |
1.A.b.2 Maintenance and Repair Services | 16 | 7 | 20 |
Credit | 17 | 14 | 39 |
Debit | 18 | -7 | -19 |
1.A.b.3 Transport | 19 | -28 | -123 |
Credit | 20 | 251 | 591 |
Debit | 21 | -279 | -715 |
1.A.b.4 Travel | 22 | -197 | -506 |
Credit | 23 | 19 | 59 |
Debit | 24 | -216 | -565 |
1.A.b.5 Construction | 25 | 10 | 22 |
Credit | 26 | 28 | 73 |
Debit | 27 | -18 | -51 |
1.A.b.6 Insurance and Pension Services | 28 | -26 | -59 |
Credit | 29 | 8 | 27 |
Debit | 30 | -34 | -85 |
1.A.b.7 Financial Services | 31 | -7 | -5 |
Credit | 32 | 10 | 27 |
Debit | 33 | -17 | -32 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -73 | -181 |
Credit | 35 | 19 | 60 |
Debit | 36 | -91 | -242 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 17 | 46 |
Credit | 38 | 87 | 257 |
Debit | 39 | -70 | -211 |
1.A.b.10 Other Business Services | 40 | 58 | 163 |
Credit | 41 | 148 | 431 |
Debit | 42 | -90 | -268 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -3 | -9 |
Credit | 44 | 3 | 7 |
Debit | 45 | -5 | -17 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -4 | -10 |
Credit | 47 | 3 | 8 |
Debit | 48 | -7 | -18 |
1.B Primary Income | 49 | -235 | -733 |
Credit | 50 | 504 | 1,588 |
Debit | 51 | -739 | -2,321 |
1.C Secondary Income | 52 | 25 | 72 |
Credit | 53 | 82 | 240 |
Debit | 54 | -57 | -168 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -563 | -954 |
2.1 Capital Account | 56 | 1 | 1 |
Credit | 57 | 1 | 1 |
Debit | 58 | 0 | -1 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -564 | -955 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -132 | 69 |
Including: 2.2.1.1 Direct Investment | 61 | 298 | 1,142 |
2.2.1.1.1 Assets | 62 | -209 | -597 |
2.2.1.1.2 Liabilities | 63 | 507 | 1,740 |
2.2.2 Reserve Assets | 64 | -432 | -1023 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | -295 | -296 |
2.2.2.3 Reserve position in the IMF | 67 | 1 | 3 |
2.2.2.4 Foreign exchange reserves | 68 | -138 | -731 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -464 |
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 period average exchange rate of SDR against USD.
4. The preliminary amount for the first three quarters of 2021 is the sum of the official amounts of the BOP for 2021Q1 and 2021Q2, and the preliminary amount for 2021Q3.
5. This table employs rounded-off numbers.
