In the second quarter of 2020, China's current account registered a surplus of RMB 847 billion, including a surplus of RMB 1142.6 billion under trade in goods, a deficit of RMB 208.4 billion under trade in services, a deficit of RMB 93.9 billion under primary income, and a surplus of RMB 6.7 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of RMB 16.9 billion, and reserve assets increased by RMB 135.6 billion.
In the first half of 2020, China's current account registered a surplus of RMB 611.9 billion, including a surplus of RMB 1303.8 billion under trade in goods, a deficit of RMB 536.7 billion under trade in services, a deficit of RMB 173 billion under primary income, and a surplus of RMB 17.8 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of RMB 130.7 billion, and reserve assets decreased by RMB 39.3 billion.
In the US dollar terms, in the second quarter of 2020, China's current account recorded a surplus of USD 119.6 billion, including a surplus of USD 161.3 billion under trade in goods, a deficit of USD 29.4 billion under trade in services, a deficit of USD 13.3 billion under primary income, and a surplus of USD 0.9 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of USD 2.4 billion, and reserve assets increased by USD 19.1 billion.
In the US dollar terms, in the first half of 2020, China's current account recorded a surplus of USD 85.9 billion, including a surplus of USD 184.4 billion under trade in goods, a deficit of USD 76.5 billion under trade in services, a deficit of USD 24.6 billion under primary income, and a surplus of USD 2.5 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of USD 18.7 billion, and reserve assets decreased by USD 5.9 billion.
In SDR terms, in the second quarter of 2020, China posted a surplus of SDR 87.3 billion under the current account, includinga surplus of SDR 117.8 billion under trade in goods, a deficit of SDR 21.5 billion under trade in services, a deficit of SDR 9.7 billion under primary income, and a surplus of SDR 0.7 billion under secondary income. In the capital and financial accounts, foreign direct investments recorded a surplus of SDR 1.7 billion, and reserve assets increased by SDR 14 billion.
In SDR terms, in first half of 2020, China posted a surplus of SDR 62.3 billion under the current account, including a surplus of SDR 135 billion under trade in goods, a deficit of SDR 56.4 billion under trade in services. In the capital and financial accounts, foreign direct investments recorded a surplus of SDR 13.8 billion, and reserve assets decreased by SDR 4.6 billion. (End)
China's Balance of Payments (Preliminary Data)
Unit: RMB 100 million
Item | Line No. | 2020 Q2 |
2020 H1 |
1. Current account | 1 | 8,470 | 6,119 |
Credit | 2 | 52,457 | 91,254 |
Debit | 3 | -43,987 | -85,136 |
1. A Goods and Services | 4 | 9,342 | 7,671 |
Credit | 5 | 46,749 | 83,061 |
Debit | 6 | -37,407 | -75,390 |
1.A.a Goods | 7 | 11,426 | 13,038 |
Credit | 8 | 42,776 | 75,289 |
Debit | 9 | -31,350 | -62,251 |
1.A.b Services | 10 | -2,084 | -5,367 |
Credit | 11 | 3,973 | 7,772 |
Debit | 12 | -6,056 | -13,139 |
1.A.b.1 Processing services | 13 | 222 | 454 |
Credit | 14 | 228 | 469 |
Debit | 15 | -7 | -15 |
1.A.b.2 Maintenance and Repair Services | 16 | 54 | 147 |
Credit | 17 | 119 | 254 |
Debit | 18 | -65 | -108 |
1.A.b.3 Transport | 19 | -526 | -1,342 |
Credit | 20 | 994 | 1,713 |
Debit | 21 | -1,520 | -3,055 |
1.A.b.4 Travel | 22 | -1,428 | -4,328 |
Credit | 23 | 299 | 620 |
Debit | 24 | -1,728 | -4,948 |
1.A.b.5 Construction | 25 | 82 | 100 |
Credit | 26 | 206 | 372 |
Debit | 27 | -124 | -272 |
1.A.b.6 Insurance and Pension Services | 28 | -142 | -223 |
Credit | 29 | 94 | 163 |
Debit | 30 | -236 | -387 |
1.A.b.7 Financial Services | 31 | 12 | 37 |
Credit | 32 | 68 | 137 |
Debit | 33 | -56 | -100 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -556 | -912 |
Credit | 35 | 157 | 311 |
Debit | 36 | -714 | -1,222 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 56 | 88 |
Credit | 38 | 656 | 1,249 |
Debit | 39 | -600 | -1,162 |
1.A.b.10 Other Business Services | 40 | 141 | 685 |
Credit | 41 | 1,062 | 2,344 |
Debit | 42 | -921 | -1,659 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -34 | -67 |
Credit | 44 | 16 | 31 |
Debit | 45 | -51 | -98 |
1.A.b.12 Government Goods and Services n.i.e | 46 | 36 | -6 |
Credit | 47 | 72 | 107 |
Debit | 48 | -36 | -114 |
1.B Primary Income | 49 | -939 | -1,730 |
Credit | 50 | 5,115 | 6,960 |
Debit | 51 | -6,054 | -8,690 |
1.C Secondary Income | 52 | 67 | 178 |
Credit | 53 | 593 | 1,233 |
Debit | 54 | -527 | -1,056 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -8,470 | -7,696 |
2.1 Capital Account | 56 | -1 | -7 |
Credit | 57 | 3 | 4 |
Debit | 58 | -4 | -11 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -8,469 | -7,689 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -7,114 | -8,082 |
Including: 2.2.1.1 Direct Investment | 61 | 169 | 1,307 |
2.2.1.1.1 Assets | 62 | -2,067 | -3,323 |
2.2.1.1.2 Liabilities | 63 | 2,236 | 4,630 |
2.2.2 Reserve Assets | 64 | -1,356 | 393 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 11 | 8 |
2.2.2.3 Reserve position in the IMF | 67 | -104 | -86 |
2.2.2.4 Foreign exchange reserves | 68 | -1,262 | 471 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | 1,577 |
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 statementfor the quarter using the quarterly average central parity rate of RMB against USD.
4.The preliminary amount for the first half of 2020 is the sum of the official amounts of the BOP for 2020Q1 and the preliminary amount for 2020Q2.
5.This table employs rounded-off numbers.
China's Balance of Payments ( Preliminary Data)
Unit: USD 100 million
Item | Line No. | 2020 Q2 | 2020 H1 |
1. Current account | 1 | 1,196 | 859 |
Credit | 2 | 7,405 | 12,964 |
Debit | 3 | -6,209 | -12,105 |
1. A Goods and Services | 4 | 1,319 | 1,079 |
Credit | 5 | 6,599 | 11,802 |
Debit | 6 | -5,280 | -10,723 |
1.A.a Goods | 7 | 1,613 | 1,844 |
Credit | 8 | 6,038 | 10,697 |
Debit | 9 | -4,425 | -8,853 |
1.A.b Services | 10 | -294 | -765 |
Credit | 11 | 561 | 1,105 |
Debit | 12 | -855 | -1,870 |
1.A.b.1 Processing services | 13 | 31 | 65 |
Credit | 14 | 32 | 67 |
Debit | 15 | -1 | -2 |
1.A.b.2 Maintenance and Repair Services | 16 | 8 | 21 |
Credit | 17 | 17 | 36 |
Debit | 18 | -9 | -15 |
1.A.b.3 Transport | 19 | -74 | -191 |
Credit | 20 | 140 | 243 |
Debit | 21 | -215 | -434 |
1.A.b.4 Travel | 22 | -202 | -617 |
Credit | 23 | 42 | 88 |
Debit | 24 | -244 | -705 |
1.A.b.5 Construction | 25 | 12 | 14 |
Credit | 26 | 29 | 53 |
Debit | 27 | -17 | -39 |
1.A.b.6 Insurance and Pension Services | 28 | -20 | -32 |
Credit | 29 | 13 | 23 |
Debit | 30 | -33 | -55 |
1.A.b.7 Financial Services | 31 | 2 | 5 |
Credit | 32 | 10 | 19 |
Debit | 33 | -8 | -14 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -79 | -129 |
Credit | 35 | 22 | 44 |
Debit | 36 | -101 | -174 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 8 | 12 |
Credit | 38 | 93 | 178 |
Debit | 39 | -85 | -165 |
1.A.b.10 Other Business Services | 40 | 20 | 98 |
Credit | 41 | 150 | 334 |
Debit | 42 | -130 | -236 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -5 | -10 |
Credit | 44 | 2 | 4 |
Debit | 45 | -7 | -14 |
1.A.b.12 Government Goods and Services n.i.e | 46 | 5 | -1 |
Credit | 47 | 10 | 15 |
Debit | 48 | -5 | -16 |
1.B Primary Income | 49 | -133 | -246 |
Credit | 50 | 722 | 986 |
Debit | 51 | -855 | -1,232 |
1.C Secondary Income | 52 | 9 | 25 |
Credit | 53 | 84 | 175 |
Debit | 54 | -74 | -150 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -1,196 | -1,085 |
2.1 Capital Account | 56 | -0.1 | -1 |
Credit | 57 | 0 | 1 |
Debit | 58 | 0 | -2 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -1,196 | -1,084 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -1,004 | -1,143 |
Including: 2.2.1.1 Direct Investment | 61 | 24 | 187 |
2.2.1.1.1 Assets | 62 | -292 | -472 |
2.2.1.1.2 Liabilities | 63 | 316 | 659 |
2.2.2 Reserve Assets | 64 | -191 | 59 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 2 | 1 |
2.2.2.3 Reserve position in the IMF | 67 | -15 | -12 |
2.2.2.4 Foreign exchange reserves | 68 | -178 | 70 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | 226 |
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 2020 is the sum of the official amounts of the BOP for 2020Q1 and the preliminary amount for 2020Q2.
4.This table employs rounded-off numbers.
China's Balance of Payments (PreliminaryData)
Unit: SDR 100 million
Item | Line No. | 2020 Q2 | 2020 H1 |
1. Current account | 1 | 873 | 623 |
Credit | 2 | 5,409 | 9,537 |
Debit | 3 | -4,536 | -8,914 |
1. A Goods and Services | 4 | 963 | 785 |
Credit | 5 | 4,820 | 8,684 |
Debit | 6 | -3,857 | -7,899 |
1.A.a Goods | 7 | 1,178 | 1,350 |
Credit | 8 | 4,411 | 7,870 |
Debit | 9 | -3,233 | -6,521 |
1.A.b Services | 10 | -215 | -564 |
Credit | 11 | 410 | 814 |
Debit | 12 | -624 | -1,378 |
1.A.b.1 Processing services | 13 | 23 | 48 |
Credit | 14 | 24 | 49 |
Debit | 15 | -1 | -2 |
1.A.b.2 Maintenance and Repair Services | 16 | 6 | 15 |
Credit | 17 | 12 | 27 |
Debit | 18 | -7 | -11 |
1.A.b.3 Transport | 19 | -54 | -141 |
Credit | 20 | 102 | 179 |
Debit | 21 | -157 | -320 |
1.A.b.4 Travel | 22 | -147 | -456 |
Credit | 23 | 31 | 65 |
Debit | 24 | -178 | -521 |
1.A.b.5 Construction | 25 | 8 | 10 |
Credit | 26 | 21 | 39 |
Debit | 27 | -13 | -29 |
1.A.b.6 Insurance and Pension Services | 28 | -15 | -23 |
Credit | 29 | 10 | 17 |
Debit | 30 | -24 | -40 |
1.A.b.7 Financial Services | 31 | 1 | 4 |
Credit | 32 | 7 | 14 |
Debit | 33 | -6 | -10 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -57 | -95 |
Credit | 35 | 16 | 33 |
Debit | 36 | -74 | -128 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 6 | 9 |
Credit | 38 | 68 | 131 |
Debit | 39 | -62 | -122 |
1.A.b.10 Other Business Services | 40 | 15 | 72 |
Credit | 41 | 109 | 246 |
Debit | 42 | -95 | -173 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -4 | -7 |
Credit | 44 | 2 | 3 |
Debit | 45 | -5 | -10 |
1.A.b.12 Government Goods and Services n.i.e | 46 | 4 | -1 |
Credit | 47 | 7 | 11 |
Debit | 48 | -4 | -12 |
1.B Primary Income | 49 | -97 | -181 |
Credit | 50 | 527 | 724 |
Debit | 51 | -624 | -905 |
1.C Secondary Income | 52 | 7 | 19 |
Credit | 53 | 61 | 129 |
Debit | 54 | -54 | -111 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -873 | -791 |
2.1 Capital Account | 56 | -0.1 | -1 |
Credit | 57 | 0 | 0 |
Debit | 58 | 0 | -1 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -873 | -790 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -734 | -837 |
Including: 2.2.1.1 Direct Investment | 61 | 17 | 138 |
2.2.1.1.1 Assets | 62 | -213 | -347 |
2.2.1.1.2 Liabilities | 63 | 231 | 485 |
2.2.2 Reserve Assets | 64 | -140 | 46 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 1 | 1 |
2.2.2.3 Reserve position in the IMF | 67 | -11 | -9 |
2.2.2.4 Foreign exchange reserves | 68 | -130 | 54 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | 168 |
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 2020 is the sum of the official amounts of the BOP for 2020Q1 and the preliminary amount for 2020Q2.
5. This table employs rounded-off numbers.
