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In January 2025, the export and import of China’s international trade in goods and services totalled RMB 4054.3 billion. Of this, the export of goods recorded RMB 2010.9 billion and the import recorded RMB 1376.7 billion, resulting in a surplus of RMB 634.2 billion. The export of services recorded RMB 251.8 billion and the import recorded RMB 414.9 billion, resulting in a deficit of RMB 163.1 billion. In terms of the major items, the export and import of travel, transport, other business services, telecommunications, computer and information services registered RMB 233.4 billion, RMB 171.4 billion, RMB 106.0 billion and RMB 64.8 billion respectively. In the US dollar terms, in January 2025, the export and import of China’s international trade in goods and services were USD 315.0 billion and USD 249.4 billion respectively, with a surplus of USD 65.6 billion.(End) InternationalTrade in Goods and Services of China January 2025 Item In 100 million of RMB In 100 million of USD Goods and services 4711 656 Credit 22627 3150 Debit -17916 -2494 1. Goods 6342 883 Credit 20109 2799 Debit -13767 -1916 2. Services -1631 -227 Credit 2518 351 Debit -4149 -578 2.1Manufacturing services on physical inputs owned by others 61 8 Credit 70 10 Debit -9 -1 2.2Maintenance and repair services n.i.e 30 4 Credit 69 10 Debit -39 -5 2.3Transport -242 -34 Credit 736 102 Debit -978 -136 2.4Travel -1786 -249 Credit 274 38 Debit -2060 -287 2.5Construction 9 1 Credit 96 13 Debit -86 -12 2.6Insurance and pension services -67 -9 Credit 27 4 Debit -94 -13 2.7Financial services 1 0 Credit 23 3 Debit -22 -3 2.8Charges for the use of intellectual property -130 -18 Credit 88 12 Debit -219 -30 2.9Telecommunications, computer and information services 175 24 Credit 411 57 Debit -237 -33 2.10Other business services 332 46 Credit 696 97 Debit -364 -51 2.11Personal, cultural, and recreational services -6 -1 Credit 21 3 Debit -27 -4 2.12Government goods and services n.i.e -8 -1 Credit 7 1 Debit -15 -2 Notes: 1. The international trade in goods and services in this table refers to the transactions between residents and non-residents, based on the same standard as that for BOP statement. The monthly data are preliminary and may be inconsistent with the quarterly data in the BOP statement. 2. The data on international trade in goods and services are prepared in USD, and the RMB data for the current month is derived by converting the USD data at the monthly average central parity rate of the RMB against the USD. 3. This table employs rounded-off numbers. Definition of Indicators: Goods and Services: refers to the trade in goods and services between residents and non-residents, which is based on the same standard as that for the BOP statement. 1. Goods: refers to transactions in goods whereby the economic ownership is transferred between the Chinese residents and non-residents. The credit side records export of goods, while the debit side records import of goods. The data of goods account are mainly from the customs statistics of imports and exports, but differ from the statistics of the customs mainly in the following aspects: first, the goods in the BOP statement only reflect the goods whose ownership has been transferred (e.g. goods under the trade modes such as general trade and processing trade with imported materials), while the goods whose ownership is not transferred (e.g. manufacturing services with supplied materials or with exported materials) are included in the statistics of trade in services instead of the statistics of trade in goods; second, as required by the BOP statistics, the goods imported and exported are valued on the FOB basis, but as required by the customs, the goods exported are valued on the FOB basis, whereas goods imported are on the CIF basis. Therefore, for the purpose of the BOP statistics, the international transport and insurance premiums are taken out from the value of imported goods and included in the trade in services; and third, the data on net export of goods in merchanting which are not included in the customs statistics are supplemented. 2. Services: includes manufacturing services on physical inputs owned by others, maintenance and repair services n.i.e, transport, travel, construction, insurance and pension services, financial services, charges for the use of intellectual property, telecommunications, computer and information services, other business services, personal, cultural and recreational services, and government goods and services n.i.e. The credit side records services supplied, while the debit side records services received. 2.1 Manufacturing services on physical owned by others: processor only provides processing, assembly, packaging and other services and charges service fee from the owner, while the ownership of the goods is not transferred between the owner and the processor. The credit side records the manufacturing services supplied by the Chinese residents on physical inputs owned by non-residents, and vice versa for debit side. 2.2 Maintenance and repair services: refer to the maintenance and repair services supplied by residents to non-residents or vice versa on goods and equipment (such as vessel, aircraft, and other transportation facility) owned by the receiving party. The credit side records the maintenance and repair services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.3 Transport: refers to the process of transporting people and goods from one place to another, and the relevant supporting and auxiliary services, as well as postal and delivery services. The credit side records the international transport, postal and delivery services supplied by residents to non-residents, and vice versa for debit side. 2.4 Travel: refers to goods consumed and services purchased by travelers in various economies as non-residents. The credit side records the goods and services provided by the Chinese residents to non-residents who have stayed in China for less than one year, as well as non-residents studying abroad and seeking medical treatment for indefinite period of stay. The debit side records the goods and services purchased by the Chinese residents when traveling, studying or seeking medical services abroad from non-residents. 2.5 Construction services: refer to the establishment, renovation, maintenance or expansion of fixed assets in the form of buildings, land improvement, roads, bridges and dams and other engineering buildings of engineering nature, relevant installation, assembly, painting, pipeline construction, demolition and project management,as well as site preparation, measurement and blasting and other special services. The credit side records the construction services provided by the Chinese residents outside the economic territory. The debit side records the construction services received by the Chinese residents in the Chinese economic territory from non-residents. 2.6 Insurance and pension services: refers to various insurance services and commission to agents related with insurance transaction. The credit side records the life insurance and annuity, non-lifeinsurance, reinsurance, standardized guarantee services and relevant supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.7 Financial services: refer to financial intermediation and supporting services, excluding those covered by insurance and pension services. The credit side records the financial intermediation and supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.8 Charges for the use of intellectual property: refer to licensed use of intangible, non-productive/non-financial assets and exclusive rights between residents and non-residents and the licensed use of existing original works or prototypes. The credit side records the intellectual property-related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.9 Telecommunications, computer and information services: refer tocommunications services between residents and non-residents and transactions of services related to computer data and news, excluding commercial services delivered via telephone, computer and Internet. The credit side records the telecommunications, computer and information services supplied by residents to non-residents, and vice versa for debit side. 2.10 Other business services: refer to other types of services between residents and non-residents, including research and development services, professional and management consulting services, technical and trade-related services. The credit side records the other business services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.11 Personal, cultural and recreational services: refer to transactions of personal, cultural and recreational services between residents and non-residents, including audiovisual and related services (films, radio, television programs and music recordings) and other personal, cultural and recreational services (health, education, etc.). The credit side records the related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.12 Government goods and services n.i.e: refer to various goods and services provided and purchased by governments and international organizations not included in other categories of goods and services. The credit side records the goods and services not included elsewhere and supplied by the Chinese residents to non-residents, and vice versa for debit side. 2025-02-28/en/2025/0228/2285.html
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Selected Transactions in the Chinese Foreign Exchange Market in 2025 (in RMB) Selected Transactions in the Chinese Foreign Exchange Market in 2025 (in USD) 2026-01-30/en/2025/0228/2286.html
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As shown in the statistics of the State Administration of Foreign Exchange (SAFE), in February 2025, the amount of foreign exchange settlement and sales by banks was RMB 1132.4 billion and RMB 1207.0 billion, respectively. During January to February 2025, the accumulative amount of foreign exchange settlement and sales by banks was RMB 2436.4 billion and RMB 2835.8 billion, respectively. In the US dollar terms, in February 2025, the amount of foreign exchange settlement and sales by banks was USD 157.9 billion and USD 168.3 billion, respectively. During January to February 2025, the accumulative amount of foreign exchange settlement and sales by banks was USD 339.4 billion and USD 395.1 billion, respectively. In February 2025, the amount of cross-border receipts and payments by non-banking sectors was RMB 4206.8 billion and RMB 3998.6 billion, respectively. During January to February 2025, the accumulative amount of cross-border receipts and payments by non-banking sectors was RMB 8577.5 billion and RMB 8559.9 billion, respectively. In the US dollar terms, in February 2025, the amount of cross-border receipts and payments by non-banking sectors was USD 586.6 billion and USD 557.6 billion, respectively. During January to February 2025, the accumulative amount of cross-border receipts and payments by non-banking sectors was USD 1195.1 billion and USD 1192.6 billion, respectively. Addendum: Glossary and relevant definitions Balance of payments (BOP) refers to all economic transactions between residents and non-residents. Foreign exchange settlement and sales by banks refers to settlement and sale transaction that bank executes for customers and for the banks themselves, including statistic data on settlements of forward contracts for foreign exchange settlement and sales and the exercises of option, and excluding the transactions in the interbank foreign exchange market. The statistic reporting date of Foreign exchange settlement and sales by banks should be the trade day of the Foreign exchange settlement and sales transaction. By definition, foreign exchange settlement means that foreign exchange holders sell foreign exchange to banks, and foreign exchange sales means that banks sell foreign exchange to foreign exchange buyers. The newly signed contract amount of forward foreign exchange settlement and sales refers to the binding forward contract between a bank and its client that predetermines foreign exchange currency, amount, exchange rate and tenor which to be executed upon maturity. The unwind amount of forward foreign exchange settlement and sales refers to, where client is unable to perform the original forward contract due to change in its real demand, client to fully or partially close its forward position by executing another deal with opposite direction to the original contract. The rolling amount of forward foreign exchange settlement and sales refers to client to adjust the settlement date of original contract due to change in its real demand. The outstanding amount of forward foreign exchange settlement and sales by the end of the current period refers to the total amount of forward contracts accumulated from all non-matured forward contracts with client. The net Delta exposure of outstanding options refers to the implied foreign exchange spot risk exposure from outstanding option contracts that bank executed with client. The cross-border receipts and payments by non-banking sectors refers to the receipts and payments between domestic non-banking sectors (including institutional and individual residents) and non-residents through domestic banks, excluding receipts and payments in cash. In particular, the statistics includes cross-border receipts and payments between non-banking sectors and non-residents through domestic banks (including RMB and foreign currency), and domestic receipts and payments between non-banking sectors and non-residents through domestic banks (temporarily excluding domestic receipts and payments in RMB between individual residents and non-resident individuals). Data are collected when customers conduct receipts and payments with non-resident counterparties at domestic banks. Specifically, the receipts refer to the capital of non-banking sectors received from non-residents via domestic banks; the payments refer to the capital of non-banking sectors paid to non-residents via domestic banks. 2025-03-17/en/2025/0317/2289.html
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As at the end of 2024, China's banking sector recorded external financial assets of USD 1609.4 billion, external liabilities of USD 1432.3 billion, and net external assets of USD 177.0 billion, including net RMB liabilities of USD 270.2 billion and net foreign currency assets of USD 447.2 billion. Among the external financial assets of the banking sector, by instrument, deposits and loans were USD 971.6 billion, bonds investment, USD 405.0 billion, and other assets including equity, USD 232.8 billion, accounting for 60 percent, 25 percent and 14 percent of the sector's total external financial assets respectively. By currency, RMB assets were USD 466.5 billion, USD assets were USD 815.3 billion, and other currency assets were USD 327.5 billion, accounting for 29 percent, 51 percent and 20 percent respectively. By counterpart sector, the amount invested in the overseas banking sector was USD 809.6 billion, accounting for 50 percent; the amount invested in the overseas non-banking sector was USD 799.8 billion, accounting for 50 percent. Among the external liabilities of the banking sector, by instrument, deposits and loans were USD 635.8 billion, bonds investment, USD 352.2 billion, and other liabilities including equity, USD 444.3 billion, accounting for 44 percent, 25 percent and 31 percent of the sector's total external liabilities respectively. By currency, RMB liabilities were USD 736.7 billion, USD liabilities, USD 339.2 billion, and other currency liabilities, USD 356.4 billion, accounting for 51 percent, 24 percent and 25 percent respectively. By counterpart sector, USD 617.8 billion was from overseas banking sector, accounting for 43 percent; while USD 814.5 billion was from overseas non-banking sector, accounting for 57 percent. (End) 2025-03-27/en/2025/0327/2291.html
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External Financial Assets and Liabilities of China's Banking Sector(As of December 31,2024) 2025-03-27/en/2025/0327/2292.html
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According to the statistics of the State Administration of Foreign Exchange (SAFE), the Chinese foreign exchange market (excluding foreign currency pairs, the same below) recorded total transactions of RMB 22.34 trillion (equivalent to USD 3.11 trillion) in January 2025. In terms of markets, the transactions volume of client market was RMB 4.03 trillion (equivalent to USD 0.56 trillion), and the transactions volume of interbank market was RMB 18.31 trillion (equivalent to USD 2.55 trillion). In terms of products, the cumulative transactions volume of the spot market was RMB 7.94 trillion (equivalent to USD 1.11 trillion), and that of the derivatives market was RMB 14.40 trillion (equivalent to USD 2.00 trillion). 2025-02-28/en/2025/0228/2287.html
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国际储备与外币流动性数据模板 Template on International Reserves and Foreign Currency Liquidity 01 02 03 04 05 06 07 08 09 10 11 12 2025-01-27/en/2021/0203/2288.html
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PhD in Management，born in November 1971 Member of the CPC State Administration of Foreign Exchange (SAFE) Leadership Group, and Deputy Administrator of the SAFE. 2025-03-26/en/2025/0326/2290.html
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As at the end of 2024, China’s external financial assets reached USD 10216.7 billion, external financial liabilities reached USD 6920.9 billion, and net external assets totaled USD 3295.8 billion. In the external financial assets, direct investment assets amounted to USD 3132.9 billion, portfolio investment assets, USD 1417.3 billion, financial derivative assets, USD 24.2 billion, other investment assets, USD 2186.7 billion, and reserves assets, USD 3455.6 billion, accounting for 31 percent, 14 percent, 0.2 percent, 21 percent and 34 percent of external financial assets respectively. In external liabilities, direct investment liabilities were USD 3622.4 billion, portfolio investment liabilities, USD 1939.6 billion, financial derivative liabilities, USD 30.4 billion and other investment liabilities, USD 1328.6 billion, accounting for 52 percent, 28 percent, 0.4 percent and 19 percent of the external financial liabilities respectively. In SDR terms, China’s external financial assets and liabilities reached SDR 7834.1 billion and SDR 5306.9 billion respectively, and external net assets totaled SDR 2527.2 billion at the end of 2024. The SAFE has revised the IIP data for each quarter since 2023 according to the latest data and released it through the section of "Data and Statistics" at the official website of the SAFE. In addition, in order to facilitate understanding of the data of Balance of Payments and International Investment Position among all data users, the BOP Analysis Team of the SAFE released China's Balance of Payments Report 2024.(End) China's International Investment Position, End of 2024 Item Line No. Position in 100 million USD Position in 100 million SDR Net Position 1 32958 25272 Assets 2 102167 78341 1 Direct Investment 3 31329 24023 1.1 Equity and Investment Fund Shares 4 27373 20989 1.2 Debt Instruments 5 3956 3034 1.a Financial Sectors 6 4395 3370 1.1.a Equity and Investment Fund Shares 7 4099 3143 1.2.a Debt Instruments 8 297 227 1.b Non-financial Sectors 9 26933 20652 1.1.b Equity and Investment Fund Shares 10 23274 17846 1.2.b Debt Instruments 11 3659 2806 2 Portfolio Investment 12 14173 10868 2.1 Equity and Investment Fund Shares 13 8598 6593 2.2 Debt Securities 14 5575 4275 3 Financial Derivatives (other than reserves) and Employee Stock Options 15 242 185 4 Other Investment 16 21867 16768 4.1 Other Equity 17 99 76 4.2 Currency and Deposits 18 5380 4126 4.3 Loans 19 8321 6380 4.4 Insurance, Pension, and Standardized Guarantee Schemes 20 306 235 4.5 Trade Credit and Advances 21 6825 5233 4.6 Others 22 936 718 5 Reserve Assets 23 34556 26497 5.1 Monetary Gold 24 1913 1467 5.2 Special Drawing Rights 25 527 404 5.3 Reserve Position in the IMF 26 98 75 5.4 Foreign Currency Reserves 27 32024 24556 5.5 Other Reserve Assets 28 -6 -4 Liabilities 29 69209 53069 1 Direct Investment 30 36224 27777 1.1 Equity and Investment Fund Shares 31 33563 25736 1.2 Debt Instruments 32 2661 2040 1.a Financial Sectors 33 2076 1592 1.1.a Equity and Investment Fund Shares 34 1880 1441 1.2.a Debt Instruments 35 196 150 1.b Non-financial Sectors 36 34149 26185 1.1.b Equity and Investment Fund Shares 37 31684 24295 1.2.b Debt Instruments 38 2465 1890 2 Portfolio Investment 39 19396 14873 2.1 Equity and Investment Fund Shares 40 11898 9123 2.2 Debt Securities 41 7498 5749 3 Financial Derivatives (other than reserves) and Employee Stock Options 42 304 233 4 Other Investment 43 13286 10187 4.1 Other Equity 44 0 0 4.2 Currency and Deposits 45 4392 3367 4.3 Loans 46 3260 2500 4.4 Insurance, Pension, and Standardized Guarantee Schemes 47 285 218 4.5 Trade Credit and Advances 48 4007 3073 4.6 Others 49 870 667 4.7 Special Drawing Rights 50 472 362 Notes:1. This table employs rounded-off numbers. 2.Net International Investment Position refers to assets minus liabilities. Positive figure refers to net assets, and negative figure refers to net liabilities. 3.The SDR denominated data is converted from the USD denominated data, using the exchange rate of SDR against USD at the end of the quarter. 4.The IIP data is revised regularly; please find the latest data in “Data and Statistics”. 2025-03-28/en/2025/0328/2293.html
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In February 2025, the export and import of China’s international trade in goods and services totalled RMB 3686.1 billion, up 14 percent over the same time last year. Of this, the export of goods recorded RMB 1788.8 billion and the import recorded RMB 1325.0 billion, resulting in a surplus of RMB 463.8 billion. The export of services recorded RMB 227.3 billion and the import recorded RMB 345.1 billion, resulting in a deficit of RMB 117.8 billion. In terms of the major items, the export and import of travel, transport, other business services, telecommunications, computer and information services registered RMB 176.4 billion, RMB 158.3 billion, RMB 100.9 billion and RMB 62.4 billion respectively. In the US dollar terms, in February 2025, the export and import of China’s international trade in goods and services were USD 281.1 billion and USD 232.9 billion respectively, with a surplus of USD 48.2 billion.(End) International Trade in Goods and Services of China February 2025 Item In 100 million of RMB In 100 million of USD Goods and services 3459 482 Credit 20160 2811 Debit -16701 -2329 1. Goods 4638 647 Credit 17888 2494 Debit -13250 -1848 2. Services -1178 -164 Credit 2273 317 Debit -3451 -481 2.1Manufacturing services on physical inputs owned by others 62 9 Credit 68 10 Debit -7 -1 2.2Maintenance and repair services n.i.e 47 7 Credit 76 11 Debit -29 -4 2.3Transport -187 -26 Credit 698 97 Debit -885 -123 2.4Travel -1317 -184 Credit 223 31 Debit -1541 -215 2.5Construction 41 6 Credit 76 11 Debit -35 -5 2.6Insurance and pension services -34 -5 Credit 21 3 Debit -55 -8 2.7Financial services 3 0 Credit 27 4 Debit -24 -3 2.8Charges for the use of intellectual property -160 -22 Credit 59 8 Debit -219 -30 2.9Telecommunications, computer and information services 49 7 Credit 337 47 Debit -287 -40 2.10Other business services 330 46 Credit 670 93 Debit -339 -47 2.11Personal, cultural, and recreational services -15 -2 Credit 8 1 Debit -23 -3 2.12Government goods and services n.i.e 3 0 Credit 10 1 Debit -7 -1 Notes: 1. The international trade in goods and services in this table refers to the transactions between residents and non-residents, based on the same standard as that for BOP statement. The monthly data are preliminary and may be inconsistent with the quarterly data in the BOP statement. 2. The data on international trade in goods and services are prepared in USD, and the RMB data for the current month is derived by converting the USD data at the monthly average central parity rate of the RMB against the USD. 3. This table employs rounded-off numbers. Definition of Indicators: Goods and Services: refers to the trade in goods and services between residents and non-residents, which is based on the same standard as that for the BOP statement. 1. Goods: refers to transactions in goods whereby the economic ownership is transferred between the Chinese residents and non-residents. The credit side records export of goods, while the debit side records import of goods. The data of goods account are mainly from the customs statistics of imports and exports, but differ from the statistics of the customs mainly in the following aspects: first, the goods in the BOP statement only reflect the goods whose ownership has been transferred (e.g. goods under the trade modes such as general trade and processing trade with imported materials), while the goods whose ownership is not transferred (e.g. manufacturing services with supplied materials or with exported materials) are included in the statistics of trade in services instead of the statistics of trade in goods; second, as required by the BOP statistics, the goods imported and exported are valued on the FOB basis, but as required by the customs, the goods exported are valued on the FOB basis, whereas goods imported are on the CIF basis. Therefore, for the purpose of the BOP statistics, the international transport and insurance premiums are taken out from the value of imported goods and included in the trade in services; and third, the data on net export of goods in merchanting which are not included in the customs statistics are supplemented. 2. Services: includes manufacturing services on physical inputs owned by others, maintenance and repair services n.i.e, transport, travel, construction, insurance and pension services, financial services, charges for the use of intellectual property, telecommunications, computer and information services, other business services, personal, cultural and recreational services, and government goods and services n.i.e. The credit side records services supplied, while the debit side records services received. 2.1 Manufacturing services on physical owned by others: processor only provides processing, assembly, packaging and other services and charges service fee from the owner, while the ownership of the goods is not transferred between the owner and the processor. The credit side records the manufacturing services supplied by the Chinese residents on physical inputs owned by non-residents, and vice versa for debit side. 2.2 Maintenance and repair services: refer to the maintenance and repair services supplied by residents to non-residents or vice versa on goods and equipment (such as vessel, aircraft, and other transportation facility) owned by the receiving party. The credit side records the maintenance and repair services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.3 Transport: refers to the process of transporting people and goods from one place to another, and the relevant supporting and auxiliary services, as well as postal and delivery services. The credit side records the international transport, postal and delivery services supplied by residents to non-residents, and vice versa for debit side. 2.4 Travel: refers to goods consumed and services purchased by travelers in various economies as non-residents. The credit side records the goods and services provided by the Chinese residents to non-residents who have stayed in China for less than one year, as well as non-residents studying abroad and seeking medical treatment for indefinite period of stay. The debit side records the goods and services purchased by the Chinese residents when traveling, studying or seeking medical services abroad from non-residents. 2.5 Construction services: refer to the establishment, renovation, maintenance or expansion of fixed assets in the form of buildings, land improvement, roads, bridges and dams and other engineering buildings of engineering nature, relevant installation, assembly, painting, pipeline construction, demolition and project management,as well as site preparation, measurement and blasting and other special services. The credit side records the construction services provided by the Chinese residents outside the economic territory. The debit side records the construction services received by the Chinese residents in the Chinese economic territory from non-residents. 2.6 Insurance and pension services: refers to various insurance services and commission to agents related with insurance transaction. The credit side records the life insurance and annuity, non-lifeinsurance, reinsurance, standardized guarantee services and relevant supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.7 Financial services: refer to financial intermediation and supporting services, excluding those covered by insurance and pension services. The credit side records the financial intermediation and supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.8 Charges for the use of intellectual property: refer to licensed use of intangible, non-productive/non-financial assets and exclusive rights between residents and non-residents and the licensed use of existing original works or prototypes. The credit side records the intellectual property-related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.9 Telecommunications, computer and information services: refer tocommunications services between residents and non-residents and transactions of services related to computer data and news, excluding commercial services delivered via telephone, computer and Internet. The credit side records the telecommunications, computer and information services supplied by residents to non-residents, and vice versa for debit side. 2.10 Other business services: refer to other types of services between residents and non-residents, including research and development services, professional and management consulting services, technical and trade-related services. The credit side records the other business services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.11 Personal, cultural and recreational services: refer to transactions of personal, cultural and recreational services between residents and non-residents, including audiovisual and related services (films, radio, television programs and music recordings) and other personal, cultural and recreational services (health, education, etc.). The credit side records the related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.12 Government goods and services n.i.e: refer to various goods and services provided and purchased by governments and international organizations not included in other categories of goods and services. The credit side records the goods and services not included elsewhere and supplied by the Chinese residents to non-residents, and vice versa for debit side. 2025-03-28/en/2025/0328/2294.html