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SAFE News
  • Index number:
    000014453-2021-0051
  • Dispatch date:
    2021-06-25
  • Publish organization:
    State Administration of Foreign Exchange
  • Exchange Reference number:
  • Name:
    SAFE Releases China’s Balance of Payments for the First Quarter of 2021
SAFE Releases China’s Balance of Payments for the First Quarter of 2021

In the first quarter of 2021, China's current account registered a surplus of RMB 450.3 billion, and the capital and financial accounts recorded a deficit of RMB 450.7 billion.

In SDR terms, in the first quarter of 2021, China posted a surplus of SDR 48.3 billion under the current account, and a deficit of SDR 48.4 billion under the capital and financial accounts.

In the US dollar terms, in the first quarter, China's current account recorded a surplus of USD 69.4 billion, including a surplus of USD 118.7 billion under trade in goods, a deficit of USD 22.2 billion under trade in services, a deficit of USD 29.4 billion under primary income and a surplus of USD 2.3 billion under secondary income. The capital and financial accounts recorded a deficit of USD 69.5 billion, including a deficit of USD 38 million under the capital account, a surplus of USD 75.7 under direct investment, a surplus of USD 3.5 billion under portfolio investment, a surplus of USD 1.8 billion under financial derivatives, a deficit of USD 115.5 billion under other investment, and reserves assets increased by USD 35 billion.(End)


Abridged Balance of Payments, Q1 2021

Item

Line No.

 RMB 100

million

USD 100 million

SDR 100 million

1. Current Account

1

4,503

694

483

Credit

2

54,684

8,433

5,870

Debit

3

-50,180

-7,739

-5,386

1. A Goods and Services

4

6,257

965

672

Credit

5

49,700

7,665

5,335

Debit

6

-43,443

-6,700

-4,663

1.A.a Goods

7

7,696

1,187

826

Credit

8

45,013

6,942

4,832

Debit

9

-37,317

-5,755

-4,006

1.A.b Services

10

-1,439

-222

-154

Credit

11

4,687

723

503

Debit

12

-6,126

-945

-658

1.B Primary Income

13

-1,905

-294

-205

Credit

14

4,308

664

462

Debit

15

-6,213

-958

-667

1.C Secondary Income

16

151

23

16

Credit

17

675

104

72

Debit

18

-524

-81

-56

2. Capital and Financial Account

19

-4,507

-695

-484

2.1 Capital Account

20

-2

-0.4

0

Credit

21

2

0

0

Debit

22

-4

-1

0

2.2 Financial Account

23

-4,505

-695

-484

Assets

24

-19,562

-3,017

-2,100

Liabilities

25

15,057

2,322

1,616

2.2.1 Financial Account Excluding Reserve Assets

26

-2,235

-345

-240

2.2.1.1 Direct Investment

27

4,909

757

527

Assets

28

-1,421

-219

-153

Liabilities

29

6,329

976

679

2.2.1.2 Portfolio Investment

30

228

35

24

Assets

31

-4,647

-717

-499

Liabilities

32

4,874

752

523

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

33

116

18

12

Assets

34

229

35

25

Liabilities

35

-113

-17

-12

2.2.1.4 Other Investment

36

-7,488

-1,155

-804

Assets

37

-11,454

-1,766

-1,229

Liabilities

38

3,966

612

426

2.2.2 Reserve Assets

39

-2,269

-350

-244

3. Net Errors and Omissions

40

4

1

0

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 difference is the sum of the "Credit" and the "Debit". All items here in refer to difference, unless marked with "Credit" or "Debit".

3.The RMB denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the quarterly 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 for the quarter using the quarterly 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 the section of Data and Statistics at the website of the 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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