ChineseEnglish
SAFE News
  • Index number:
    000014453-2021-0119
  • Dispatch date:
    2021-12-31
  • Publish organization:
    State Administration of Foreign Exchange
  • Exchange Reference number:
  • Name:
    SAFE Releases China's Balance of Payments for the Third Quarter and the First Three Quarters of 2021
SAFE Releases China's Balance of Payments for the Third Quarter and the First Three Quarters of 2021

In the third quarter of 2021, China's current account registered a surplus of RMB 476.2 billion, and the capital and financial accounts recorded a deficit of RMB 311.9 billion. The financial account (excluding reserve assets) recorded a surplus of RMB 84.7 billion, and reserve assets rose 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 1271.2 billion, and the capital and financial accounts recorded a deficit of RMB 677.9 billion. The financial account (excluding reserve assets) recorded a surplus of RMB 268.2 billion, and reserve assets rose by RMB 946.7 billion.

In SDR terms, in the third quarter of 2021, China posted a surplus of SDR 51.8 billion under the current account, and a deficit of SDR 34 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a surplus of SDR 9.1 billion, and reserves assets rose by SDR 43.2 billion, of which SDR 29.5 billion was from the allocation of SDR by IMF.

In SDR terms, in the first three quarters of 2021, China posted a surplus of SDR 137.3 billion under the current account, and a deficit of SDR 73.1 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a surplus of SDR 29.2 billion, and an increase of SDR 102.3 billion under reserves assets.

In the US dollar terms, in the third quarter of 2021, China's current account recorded a surplus of USD 73.6 billion, including a surplus of USD 136 billion under trade in goods, a deficit of USD 31.9 billion under trade in services, a deficit of USD 34.1 billion under primary income, and a surplus of USD 3.5 billion under secondary income. The capital and financial accounts recorded a deficit of USD 48.3 billion, including a surplus of USD 107 million under the capital account, a surplus of USD 13 billion under the financial account (excluding reserve assets), and an increase of USD 61.4 billion under reserves assets, 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 196.3 billion, including a surplus of USD 374.2 billion under trade in goods, a deficit of USD 82.5 billion under trade in services, a deficit of USD 105.6 billion under primary income, and a surplus of USD 10.2 billion under secondary income. The capital and financial accounts recorded a deficit of USD 104.4 billion, including a surplus of USD 97 million under the capital account, a surplus of USD 41.8 billion under the financial account (excluding reserve assets), and an increase of USD 146.4 billion under reserves assets. (End)


Abridged Balance of Payments of China, Third Quarter of 2021

Item

Line No.

RMB

100 million

USD

100 million

SDR

100 million

1. Current Account

1

4762

736

518

Credit

2

64649

9992

7027

Debit

3

-59888

-9256

-6510

1. A Goods and Services

4

6736

1041

732

Credit

5

59263

9160

6442

Debit

6

-52527

-8118

-5710

1.A.a Goods

7

8801

1360

957

Credit

8

53619

8287

5828

Debit

9

-44818

-6927

-4872

1.A.b Services

10

-2065

-319

-225

Credit

11

5644

872

614

Debit

12

-7709

-1192

-838

1.B Primary Income

13

-2203

-341

-240

Credit

14

4622

714

502

Debit

15

-6825

-1055

-742

1.C Secondary Income

16

229

35

25

Credit

17

765

118

83

Debit

18

-535

-83

-58

2. Capital and Financial Account

19

-3119

-483

-340

2.1 Capital Account

20

7

1

1

Credit

21

9

1

1

Debit

22

-2

0

0

2.2 Financial Account

23

-3126

-484

-340

Assets

24

-8817

-1363

-959

Liabilities

25

5691

880

619

2.2.1 Financial Account Excluding Reserve Assets

26

847

130

91

2.2.1.1 Direct Investment

27

2766

427

300

Assets

28

-1922

-297

-209

Liabilities

29

4689

725

510

2.2.1.2 Portfolio Investment

30

1603

248

174

Assets

31

-34

-5

-4

Liabilities

32

1637

253

178

2.2.1.3 Financial Derivatives (other than reserves) and Employee  Stock Options

33

133

20

14

Assets

34

223

34

24

Liabilities

35

-90

-14

-10

2.2.1.4 Other Investment

36

-3654

-566

-398

Assets

37

-3110

-481

-339

Liabilities

38

-545

-84

-59

2.2.2 Reserve Assets

39

-3973

-614

-432

3. Net Errors and Omissions

40

-1643

-253

-178

Notes:

1.The statement is compiled according to BPM6. Reserve assets are included incapital and financial accounts.

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 balance, unless marked with "Credit" or "Debit".

3.The RMB denominated quarterly BOP data is converted from the USD denominated BOP data,using the period average central parity rate of RMB against USD. The quarterly accumulated RMB denominated BOP data is derived from the sum of the RMB denominated data for the quarters.

4.The SDR denominated quarterly BOP data is converted from the USD denominated BOP data, using the period 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 Data and Statisticsat the website of SAFE.

7.The BOP data is revised regularly; please find the latest data in “Data and Statistics”.

 


Abridged China’s Balance of Payments, First Three Quarters of 2021

Item

Line No.

RMB

100 million

USD

100 million

SDR

100 million

1. Current Account

1

12712

1963

1373

Credit

2

180059

27829

19451

Debit

3

-167348

-25866

-18079

1. A Goods and Services

4

18877

2917

2039

Credit

5

163139

25214

17624

Debit

6

-144262

-22297

-15585

1.A.a Goods

7

24210

3742

2615

Credit

8

147850

22851

15972

Debit

9

-123640

-19109

-13357

1.A.b Services

10

-5333

-825

-576

Credit

11

15290

2363

1652

Debit

12

-20622

-3188

-2228

1.B Primary Income

13

-6828

-1056

-738

Credit

14

14688

2270

1586

Debit

15

-21515

-3326

-2324

1.C Secondary Income

16

663

102

72

Credit

17

2232

345

241

Debit

18

-1570

-243

-170

2. Capital and Financial Account

19

-6779

-1044

-731

2.1 Capital Account

20

6

1

1

Credit

21

14

2

1

Debit

22

-7

-1

-1

2.2 Financial Account

23

-6785

-1045

-731

Assets

24

-41119

-6353

-4433

Liabilities

25

34334

5308

3702

2.2.1 Financial Account Excluding Reserve Assets

26

2682

418

292

2.2.1.1 Direct Investment

27

10620

1640

1145

Assets

28

-5524

-854

-597

Liabilities

29

16144

2495

1742

2.2.1.2 Portfolio Investment

30

2857

445

311

Assets

31

-6425

-992

-691

Liabilities

32

9283

1437

1001

2.2.1.3 Financial Derivatives (other than reserves) and Employee  Stock Options

33

240

37

26

Assets

34

588

91

63

Liabilities

35

-348

-54

-38

2.2.1.4 Other Investment

36

-11036

-1704

-1190

Assets

37

-20291

-3134

-2185

Liabilities

38

9255

1430

996

2.2.2 Reserve Assets

39

-9467

-1464

-1023

3. Net Errors and Omissions

40

-5933

-919

-642

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 balance is the sum of the "Credit" and the "Debit". All items herein refer to balance, unless marked with "Credit" or "Debit".

3.The RMB denominated quarterly BOP data is converted from the USD denominated BOP data, using the period 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 denominated BOP data, using the period average exchange rate of SDR against USD. The quarterly accumulated SDR denominated BOP data is derived from the sum of the SDR denominated data for the quarters.

5.This statement employs rounded-off numbers.

6.For detailed data, please see Data and Statisticsat the website of SAFE.

7.The BOP data is revised regularly; please find the latest data in “Data and Statistics”.

The English translation may only be used as a reference. In case a different interpretation of the translated information contained in this website arises, the original Chinese shall prevail.

Contact Us | For Home | Join Collection

State Administration of Foreign Exchange