In the third quarter of 2020, China's current account registered a surplus of RMB 652.1 billion, including a surplus of RMB 1075.8 billion under trade in goods, a deficit of RMB 279.5 billion under trade in services, a deficit of RMB 165.2 billion under primary income, and a surplus of RMB 21 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of RMB 165.3 billion, and reserve assets increased by RMB 64.2 billion.
In the first three quarters of 2020, China's current account registered a surplus of RMB 1197.4 billion, including a surplus of RMB 2379.6 billion under trade in goods, a deficit of RMB 816.9 billion under trade in services, a deficit of RMB 404 billion under primary income, and a surplus of RMB 38.6 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of RMB 312.4 billion, and reserve assets increased by RMB 24.9 billion.
In the US dollar terms, in the third quarter of 2020, China's current account recorded a surplus of USD 94.2 billion, including a surplus of USD 155.4 billion under trade in goods, a deficit of USD 40.4 billion under trade in services, a deficit of USD 23.9 billion under primary income, and a surplus of USD 3 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of USD 23.9 billion, and reserve assets increased by USD 9.3 billion.
In the US dollar terms, in the first three quarters of 2020, China's current account recorded a surplus of USD 170.7 billion, including a surplus of USD 339.8 billion under trade in goods, a deficit of USD 116.9 billion under trade in services, a deficit of USD 57.8 billion under primary income, and a surplus of USD 5.5 billion under secondary income. In the capital and financial accounts, direct investments recorded a surplus of USD 44.9 billion, and reserve assets increased by USD 3.4 billion.
In SDR terms, in the third quarter of 2020, China posted a surplus of SDR 67 billion under the current account, including a surplus of SDR 110.6 billion under trade in goods, a deficit of SDR 28.7 billion under trade in services. In the capital and financial accounts, direct investments recorded a surplus of SDR 17 billion, and reserve assets increased by SDR 6.6 billion.
In SDR terms, in first three quarters of 2020, China posted a surplus of SDR 122.5 billion under the current account, including a surplus of SDR 245.6 billion undertrade in goods, a deficit of SDR 85.2 billion under trade in services. In the capital and financial accounts, direct investments recorded a surplus of SDR 32.5 billion, and reserve assets increased by SDR 2 billion. (End)
China's Balance of Payments (Preliminary Data)
Unit:RMB 100 million
Item | Line No. | 2020 Q3 | 2020 First Three Quarters |
1. Current account | 1 | 6,521 | 11,974 |
Credit | 2 | 57,308 | 148,551 |
Debit | 3 | -50,787 | -136,577 |
1. A Goods and Services | 4 | 7,963 | 15,628 |
Credit | 5 | 51,443 | 134,483 |
Debit | 6 | -43,481 | -118,856 |
1.A.a Goods | 7 | 10,758 | 23,796 |
Credit | 8 | 47,471 | 122,761 |
Debit | 9 | -36,714 | -98,965 |
1.A.b Services | 10 | -2,795 | -8,169 |
Credit | 11 | 3,972 | 11,722 |
Debit | 12 | -6,767 | -19,890 |
1.A.b.1 Processing services | 13 | 205 | 659 |
Credit | 14 | 215 | 684 |
Debit | 15 | -11 | -25 |
1.A.b.2 Maintenance and Repair Services | 16 | 78 | 224 |
Credit | 17 | 138 | 392 |
Debit | 18 | -60 | -168 |
1.A.b.3 Transport | 19 | -789 | -2,127 |
Credit | 20 | 990 | 2,706 |
Debit | 21 | -1,778 | -4,833 |
1.A.b.4 Travel | 22 | -1,980 | -6,321 |
Credit | 23 | 189 | 778 |
Debit | 24 | -2,170 | -7,099 |
1.A.b.5 Construction | 25 | 83 | 186 |
Credit | 26 | 212 | 587 |
Debit | 27 | -130 | -401 |
1.A.b.6 Insurance and Pension Services | 28 | -164 | -387 |
Credit | 29 | 96 | 260 |
Debit | 30 | -260 | -646 |
1.A.b.7 Financial Services | 31 | 5 | 44 |
Credit | 32 | 71 | 212 |
Debit | 33 | -65 | -168 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -607 | -1,519 |
Credit | 35 | 123 | 433 |
Debit | 36 | -730 | -1,952 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 184 | 273 |
Credit | 38 | 710 | 1,960 |
Debit | 39 | -526 | -1,687 |
1.A.b.10 Other Business Services | 40 | 291 | 976 |
Credit | 41 | 1,184 | 3,528 |
Debit | 42 | -892 | -2,552 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -30 | -97 |
Credit | 44 | 19 | 51 |
Debit | 45 | -49 | -148 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -71 | -79 |
Credit | 47 | 25 | 131 |
Debit | 48 | -96 | -210 |
1.B Primary Income | 49 | -1,652 | -4,040 |
Credit | 50 | 5,180 | 12,165 |
Debit | 51 | -6,832 | -16,205 |
1.C Secondary Income | 52 | 210 | 386 |
Credit | 53 | 684 | 1,903 |
Debit | 54 | -474 | -1,517 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -6,521 | -8,189 |
2.1 Capital Account | 56 | -1 | -8 |
Credit | 57 | 3 | 7 |
Debit | 58 | -4 | -15 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -6,520 | -8,181 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -5,877 | -7,931 |
Including: 2.2.1.1 Direct Investment | 61 | 1,653 | 3,124 |
2.2.1.1.1 Assets | 62 | -2,296 | -5,619 |
2.2.1.1.2 Liabilities | 63 | 3,949 | 8,743 |
2.2.2 Reserve Assets | 64 | -642 | -249 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 3 | 11 |
2.2.2.3 Reserve position in the IMF | 67 | 11 | -75 |
2.2.2.4 Foreign exchange reserves | 68 | -656 | -185 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -3,785 |
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 three quarters of 2020 is the sum of the official amounts of the BOP for 2020Q1 and 2020 Q2, and the preliminary amount for 2020Q3.
5.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit: USD 100 million
Item | Line No. | 2020 Q3 | 2020 First Three Quarters |
1. Current account | 1 | 942 | 1,707 |
Credit | 2 | 8,281 | 21,243 |
Debit | 3 | -7,339 | -19,536 |
1. A Goods and Services | 4 | 1,151 | 2,229 |
Credit | 5 | 7,433 | 19,232 |
Debit | 6 | -6,283 | -17,003 |
1.A.a Goods | 7 | 1,554 | 3,398 |
Credit | 8 | 6,859 | 17,556 |
Debit | 9 | -5,305 | -14,158 |
1.A.b Services | 10 | -404 | -1,169 |
Credit | 11 | 574 | 1,676 |
Debit | 12 | -978 | -2,845 |
1.A.b.1 Processing services | 13 | 30 | 94 |
Credit | 14 | 31 | 98 |
Debit | 15 | -2 | -4 |
1.A.b.2 Maintenance and Repair Services | 16 | 11 | 32 |
Credit | 17 | 20 | 56 |
Debit | 18 | -9 | -24 |
1.A.b.3 Transport | 19 | -114 | -305 |
Credit | 20 | 143 | 387 |
Debit | 21 | -257 | -691 |
1.A.b.4 Travel | 22 | -286 | -905 |
Credit | 23 | 27 | 111 |
Debit | 24 | -314 | -1,016 |
1.A.b.5 Construction | 25 | 12 | 27 |
Credit | 26 | 31 | 84 |
Debit | 27 | -19 | -57 |
1.A.b.6 Insurance and Pension Services | 28 | -24 | -55 |
Credit | 29 | 14 | 37 |
Debit | 30 | -38 | -92 |
1.A.b.7 Financial Services | 31 | 1 | 6 |
Credit | 32 | 10 | 30 |
Debit | 33 | -9 | -24 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -88 | -217 |
Credit | 35 | 18 | 62 |
Debit | 36 | -105 | -279 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 27 | 39 |
Credit | 38 | 103 | 280 |
Debit | 39 | -76 | -241 |
1.A.b.10 Other Business Services | 40 | 42 | 140 |
Credit | 41 | 171 | 505 |
Debit | 42 | -129 | -365 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -4 | -14 |
Credit | 44 | 3 | 7 |
Debit | 45 | -7 | -21 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -10 | -11 |
Credit | 47 | 4 | 19 |
Debit | 48 | -14 | -30 |
1.B Primary Income | 49 | -239 | -578 |
Credit | 50 | 749 | 1,738 |
Debit | 51 | -987 | -2,316 |
1.C Secondary Income | 52 | 30 | 55 |
Credit | 53 | 99 | 272 |
Debit | 54 | -69 | -217 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -942 | -1,176 |
2.1 Capital Account | 56 | -0.1 | -1 |
Credit | 57 | 0 | 1 |
Debit | 58 | -1 | -2 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | -942 | -1,175 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -849 | -1,141 |
Including: 2.2.1.1 Direct Investment | 61 | 239 | 449 |
2.2.1.1.1 Assets | 62 | -332 | -803 |
2.2.1.1.2 Liabilities | 63 | 571 | 1,252 |
2.2.2 Reserve Assets | 64 | -93 | -34 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 0 | 2 |
2.2.2.3 Reserve position in the IMF | 67 | 2 | -11 |
2.2.2.4 Foreign exchange reserves | 68 | -95 | -25 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -531 |
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 2020 is the sum of the official amounts of the BOP for 2020Q1 and 2020 Q2, and the preliminary amount for 2020Q3.
4.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit:SDR 100 million
Item | Line No. | 2020 Q3 | 2020 First Three Quarters |
1. Current account | 1 | 670 | 1,225 |
Credit | 2 | 5,892 | 15,428 |
Debit | 3 | -5,222 | -14,204 |
1. A Goods and Services | 4 | 819 | 1,604 |
Credit | 5 | 5,289 | 13,971 |
Debit | 6 | -4,471 | -12,368 |
1.A.a Goods | 7 | 1,106 | 2,456 |
Credit | 8 | 4,881 | 12,751 |
Debit | 9 | -3,775 | -10,296 |
1.A.b Services | 10 | -287 | -852 |
Credit | 11 | 408 | 1,220 |
Debit | 12 | -696 | -2,072 |
1.A.b.1 Processing services | 13 | 21 | 69 |
Credit | 14 | 22 | 71 |
Debit | 15 | -1 | -3 |
1.A.b.2 Maintenance and Repair Services | 16 | 8 | 23 |
Credit | 17 | 14 | 41 |
Debit | 18 | -6 | -17 |
1.A.b.3 Transport | 19 | -81 | -222 |
Credit | 20 | 102 | 281 |
Debit | 21 | -183 | -503 |
1.A.b.4 Travel | 22 | -204 | -661 |
Credit | 23 | 19 | 81 |
Debit | 24 | -223 | -742 |
1.A.b.5 Construction | 25 | 9 | 19 |
Credit | 26 | 22 | 61 |
Debit | 27 | -13 | -42 |
1.A.b.6 Insurance and Pension Services | 28 | -17 | -40 |
Credit | 29 | 10 | 27 |
Debit | 30 | -27 | -67 |
1.A.b.7 Financial Services | 31 | 1 | 5 |
Credit | 32 | 7 | 22 |
Debit | 33 | -7 | -17 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -62 | -158 |
Credit | 35 | 13 | 45 |
Debit | 36 | -75 | -203 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 19 | 28 |
Credit | 38 | 73 | 204 |
Debit | 39 | -54 | -176 |
1.A.b.10 Other Business Services | 40 | 30 | 102 |
Credit | 41 | 122 | 368 |
Debit | 42 | -92 | -265 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -3 | -10 |
Credit | 44 | 2 | 5 |
Debit | 45 | -5 | -15 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -7 | -8 |
Credit | 47 | 3 | 14 |
Debit | 48 | -10 | -22 |
1.B Primary Income | 49 | -170 | -419 |
Credit | 50 | 533 | 1,259 |
Debit | 51 | -702 | -1,678 |
1.C Secondary Income | 52 | 22 | 40 |
Credit | 53 | 70 | 198 |
Debit | 54 | -49 | -158 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | -670 | -840 |
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 | -670 | -839 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | -604 | -819 |
Including: 2.2.1.1 Direct Investment | 61 | 170 | 325 |
2.2.1.1.1 Assets | 62 | -236 | -583 |
2.2.1.1.2 Liabilities | 63 | 406 | 908 |
2.2.2 Reserve Assets | 64 | -66 | -20 |
2.2.2.1 Monetary gold | 65 | 0 | 0 |
2.2.2.2 Special drawing rights | 66 | 0 | 1 |
2.2.2.3 Reserve position in the IMF | 67 | 1 | -8 |
2.2.2.4 Foreign exchange reserves | 68 | -67 | -13 |
2.2.2.5 Other reserves | 69 | 0 | 0 |
3. Net Errors and Omissions | 70 | / | -385 |
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 three quarters of 2020 is the sum of the official amounts of the BOP for 2020Q1 and 2020 Q2, and the preliminary amount for 2020Q3.
5. This table employs rounded-off numbers.
