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SAFE News
  • Index number:
    000014453-2022-0082
  • Dispatch date:
    2022-09-29
  • Publish organization:
    State Administration of Foreign Exchange
  • Exchange Reference number:
  • Name:
    SAFE Releases China's Balance of Payments for the Second Quarter and the First Half of 2022
SAFE Releases China's Balance of Payments for the Second Quarter and the First Half of 2022

In the second quarter of 2022, China's current account registered a surplus of RMB 513.3 billion, and the capital and financial accounts recorded a deficit of RMB 208.4 billion.

In the first half of 2022, China's current account registered a surplus of RMB 1077.7 billion, and the capital and financial accounts recorded a deficit of RMB 774.7 billion.

In SDR terms, in the second quarter of 2022, China posted a surplus of SDR 57.5 billion under the current account, and a deficit of SDR 23.5 billion under the capital and financial accounts.

In SDR terms, in first half of 2022, China posted a surplus of SDR 121.3 billion under the current account, and a deficit of SDR 87.8 billion under the capital and financial accounts.

In the US dollar terms, in the second quarter of 2022, China's current account recorded a surplus of USD 77.5 billion, including a surplus of USD 175.8 billion under trade in goods, a deficit of USD 19.7 billion under trade in services, a deficit of USD 84.4 billion under primary income, and a surplus of USD 5.8 billion under secondary income. The capital and financial accounts recorded a deficit of USD 32 billion, including a surplus of USD 37 million under the capital account, a deficit of USD 51 billion under the financial account (excluding reserve assets), and a decrease of USD 19 billion under reserves assets.

In the US dollar terms, in the first half of 2022, China's current account recorded a surplus of USD 166.4 billion, including a surplus of USD 320.8 billion under trade in goods, a deficit of USD 36.4 billion under trade in services, a deficit of USD 129 billion under primary income, and a surplus of USD 11 billion under secondary income. The capital and financial accounts recorded a deficit of USD 121.2 billion, including a deficit of USD 211 million under the capital account, a deficit of USD 100.7 billion under the financial account (excluding reserve assets), and an increase of USD 20.4 billion under reserves assets.

In addition, to facilitate understanding of China’s Balance of Payments and International Investment Position among all users, the BOP Analysis Team of SAFE released Chinas Balance of Payments Report for the First Half of 2022 (in Chinese). (End)


Abridged Balance of Payments of China, Second Quarter of 2022


Item

Line No.

RMB 100 million

USD 100 million

SDR 100 million

1. Current Account

1

5133

775

575

Credit

2

64683

9773

7253

Debit

3

-59549

-8998

-6678

1. A Goods and Services

4

10344

1561

1159

Credit

5

61659

9318

6914

Debit

6

-51314

-7756

-5755

1.A.a Goods

7

11651

1758

1305

Credit

8

55636

8407

6239

Debit

9

-43985

-6649

-4933

1.A.b Services

10

-1306

-197

-146

Credit

11

6022

911

676

Debit

12

-7329

-1108

-822

1.B Primary Income

13

-5595

-844

-627

Credit

14

2235

336

250

Debit

15

-7830

-1180

-877

1.C Secondary Income

16

384

58

43

Credit

17

789

119

88

Debit

18

-405

-61

-45

2. Capital and Financial Account

19

-2084

-320

-235

2.1 Capital Account

20

2

0

0

Credit

21

4

1

0

Debit

22

-2

0

0

2.2 Financial Account

23

-2087

-320

-236

Assets

24

-3188

-476

-355

Liabilities

25

1102

155

120

2.2.1 Financial Account Excluding Reserve Assets

26

-3325

-510

-376

2.2.1.1 Direct Investment

27

918

141

104

Assets

28

-2090

-317

-235

Liabilities

29

3009

459

339

2.2.1.2 Portfolio Investment

30

-5193

-788

-584

Assets

31

-2891

-437

-324

Liabilities

32

-2301

-351

-259

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

33

-385

-59

-44

Assets

34

-263

-41

-30

Liabilities

35

-122

-18

-14

2.2.1.4 Other Investment

36

1334

196

148

Assets

37

818

130

94

Liabilities

38

516

66

54

2.2.2 Reserve Assets

39

1239

190

140

3. Net Errors and Omissions

40

-3049

-455

-340

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 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 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 Half of 2022


Item

Line No.

RMB 100 million

USD 100 million

SDR 100 million

1. Current Account

1

10777

1664

1213

Credit

2

125510

19354

14128

Debit

3

-114733

-17690

-12915

1. A Goods and Services

4

18490

2844

2080

Credit

5

118903

18334

13384

Debit

6

-100413

-15491

-11304

1.A.a Goods

7

20855

3208

2346

Credit

8

106623

16438

12001

Debit

9

-85768

-13230

-9656

1.A.b Services

10

-2365

-364

-266

Credit

11

12280

1897

1383

Debit

12

-14645

-2260

-1649

1.B Primary Income

13

-8429

-1290

-947

Credit

14

4991

770

562

Debit

15

-13420

-2060

-1509

1.C Secondary Income

16

716

110

81

Credit

17

1616

249

182

Debit

18

-900

-139

-102

2. Capital and Financial Account

19

-7747

-1212

-878

2.1 Capital Account

20

-13

-2

-2

Credit

21

8

1

1

Debit

22

-21

-3

-2

2.2 Financial Account

23

-7733

-1210

-876

Assets

24

-11388

-1767

-1280

Liabilities

25

3655

557

404

2.2.1 Financial Account Excluding Reserve Assets

26

-6474

-1007

-734

2.2.1.1 Direct Investment

27

4720

740

534

Assets

28

-4758

-738

-537

Liabilities

29

9478

1478

1070

2.2.1.2 Portfolio Investment

30

-10253

-1586

-1158

Assets

31

-5499

-848

-619

Liabilities

32

-4754

-738

-539

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

33

-677

-105

-77

Assets

34

-337

-52

-38

Liabilities

35

-340

-53

-38

2.2.1.4 Other Investment

36

-264

-56

-33

Assets

37

465

74

56

Liabilities

38

-729

-130

-89

2.2.2 Reserve Assets

39

-1259

-204

-142

3. Net Errors and Omissions

40

-3031

-452

-335

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 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 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”.



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.

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