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  • Index number:
    000014453-2022-0113
  • Dispatch date:
    2022-12-30
  • Publish organization:
    State Administration of Foreign Exchange
  • Exchange Reference number:
  • Name:
    SAFE Releases China's Balance of Payments for the Third Quarter and the First Three Quarters of 2022
SAFE Releases China's Balance of Payments for the Third Quarter and the First Three Quarters of 2022

In the third quarter of 2022, China's current account registered a surplus of RMB 984.2 billion, and the capital and financial accounts recorded a deficit of RMB 1020.1 billion. The financial account (excluding reserve assets) recorded a deficit of RMB 762.9 billion, and reserve assets increased by RMB 256.4 billion.

In the first three quarters of 2022, China's current account registered a surplus of RMB 2061.9 billion, and the capital and financial accounts recorded a deficit of RMB 1794.7 billion. The financial account (excluding reserve assets) recorded a deficit of RMB 1410.3 billion, and reserve assets rose by RMB 382.3 billion.

In SDR terms, in the third quarter of 2022, China posted a surplus of SDR 110.2 billion under the current account, and a deficit of SDR 114.2 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a deficit of SDR 85.5 billion, and reserves assets increased by SDR 28.7 billion.

In SDR terms, in first three quarters of 2022, China posted a surplus of SDR 231.5 billion under the current account, and a deficit of SDR 202.0 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a deficit of SDR 158.9 billion, and an increase of SDR 42.9 billion under reserves assets.

In the US dollar terms, in the third quarter of 2022, China's current account recorded a surplus of USD 144.3 billion, including a surplus of USD 200.7 billion under trade in goods, a deficit of USD 29.2 billion under trade in services, a deficit of USD 33.9 billion under primary income, and a surplus of USD 6.6 billion under secondary income. The capital and financial accounts recorded a deficit of USD 149.0 billion, including a surplus of USD 111 million under the capital account, a deficit of USD 111.6 billion under the financial account (excluding reserve assets), and an increase of USD 37.3 billion under reserves assets.

In the US dollar terms, in the first three quarters of 2022, China's current account recorded a surplus of USD 310.7 billion, including a surplus of USD 521.5 billion under trade in goods, a deficit of USD 65.5 billion under trade in services, a deficit of USD 162.9 billion under primary income, and a surplus of USD 17.7 billion under secondary income. The capital and financial accounts recorded a deficit of USD 270.2 billion, including a deficit of USD 322 million under the capital account, a deficit of USD 212.3 billion under the financial account (excluding reserve assets), and an increase of USD 57.7 billion under reserves assets. (End)


Abridged Balance of Payments of China, Third Quarter of 2022

Item

Line No.

RMB 100

million

USD 100

million

SDR 100

million

1. Current Account

1

9842

1443

1102

Credit

2

71907

10527

8046

Debit

3

-62065

-9084

-6944

1. A Goods and Services

4

11721

1716

1311

Credit

5

66990

9805

7495

Debit

6

-55269

-8089

-6184

1.A.a Goods

7

13718

2007

1534

Credit

8

60586

8867

6778

Debit

9

-46869

-6860

-5244

1.A.b Services

10

-1996

-292

-223

Credit

11

6404

938

717

Debit

12

-8400

-1229

-940

1.B Primary Income

13

-2333

-339

-260

Credit

14

4019

591

450

Debit

15

-6351

-929

-710

1.C Secondary Income

16

453

66

51

Credit

17

898

131

100

Debit

18

-445

-65

-50

2. Capital and Financial Account

19

-10201

-1490

-1142

2.1 Capital Account

20

-8

-1

-1

Credit

21

3

0

0

Debit

22

-11

-2

-1

2.2 Financial Account

23

-10193

-1489

-1142

Assets

24

-5543

-805

-620

Liabilities

25

-4651

-684

-522

2.2.1 Financial Account Excluding Reserve Assets

26

-7629

-1116

-855

2.2.1.1 Direct Investment

27

-1725

-254

-194

Assets

28

-2713

-396

-303

Liabilities

29

988

141

109

2.2.1.2 Portfolio Investment

30

-6996

-1021

-782

Assets

31

-4601

-673

-514

Liabilities

32

-2395

-348

-268

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

33

55

9

6

Assets

34

199

30

23

Liabilities

35

-144

-21

-16

2.2.1.4 Other Investment

36

1037

150

114

Assets

37

4138

607

462

Liabilities

38

-3100

-457

-348

2.2.2 Reserve Assets

39

-2564

-373

-287

3. Net Errors and Omissions

40

359

47

40

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 Three Quarters of 2022

Item

Line No.

RMB 100

million

USD 100

million

SDR 100 million

1. Current Account

1

20619

3107

2315

Credit

2

197418

29881

22174

Debit

3

-176798

-26774

-19859

1. A Goods and Services

4

30211

4560

3391

Credit

5

185893

28139

20879

Debit

6

-155682

-23580

-17488

1.A.a Goods

7

34573

5215

3880

Credit

8

167209

25305

18780

Debit

9

-132637

-20090

-14900

1.A.b Services

10

-4361

-655

-489

Credit

11

18684

2834

2099

Debit

12

-23045

-3490

-2588

1.B Primary Income

13

-10761

-1629

-1207

Credit

14

9010

1361

1012

Debit

15

-19771

-2990

-2219

1.C Secondary Income

16

1169

177

131

Credit

17

2515

381

283

Debit

18

-1345

-204

-151

2. Capital and Financial Account

19

-17947

-2702

-2020

2.1 Capital Account

20

-21

-3

-2

Credit

21

11

2

1

Debit

22

-32

-5

-4

2.2 Financial Account

23

-17926

-2699

-2018

Assets

24

-16931

-2572

-1900

Liabilities

25

-996

-127

-118

2.2.1 Financial Account Excluding Reserve Assets

26

-14103

-2123

-1589

2.2.1.1 Direct Investment

27

2995

486

340

Assets

28

-7472

-1133

-840

Liabilities

29

10466

1619

1180

2.2.1.2 Portfolio Investment

30

-17249

-2606

-1940

Assets

31

-10100

-1521

-1133

Liabilities

32

-7149

-1086

-806

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

33

-622

-96

-70

Assets

34

-139

-22

-16

Liabilities

35

-484

-73

-54

2.2.1.4 Other Investment

36

773

94

81

Assets

37

4603

681

518

Liabilities

38

-3829

-587

-437

2.2.2 Reserve Assets

39

-3823

-577

-429

3. Net Errors and Omissions

40

-2672

-405

-295

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" asnegative 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 denominatedBOP data,using period average central parity rate of RMBagainst USD. The quarterly accumulated RMB denominated BOP data is derived fromthe sum total of the RMB denominated data for the quarters.

4.The SDR denominated quarterly BOP data is converted from the USD denominatedBOP data,using period average exchange rate of SDR against USD. The quarterlyaccumulated SDR denominated BOP data is derived from the sum total of the SDRdenominated data for the quarters.

5.This statement employs rounded-off numbers.

6.For detailed data, please see Data and Statisticsat the websiteof SAFE.

7.The BOP data is revised regularly; please find the latest data in “Data andStatistics”.

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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