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- Index number:
- 000014453-2019-0227
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- Dispatch date:
- 2010-07-05
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number：
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- Name：
- China's Balance of Payments Continues to Post a Twin Surplus in Q1 of 2010
The SAFE recently released the revised data
on China's Balance of Payments Statement for Q1 of 2010. The statistics
reveal that the current account and the capital and financial account
continued to post a "twin surplus" in Q1 of 2010.
In Q1 of 2010, China's surplus under the current account totaled USD53.6 billion, a decrease of 32 percent year on year. Specifically, according to the statistical coverage of the balance of payments, the surplus in goods, income, and current transfers reached USD30.3 billion, USD21.1 billion, and USD9.5 billion, respectively, whereas the deficit in services amounted to USD7.2 billion.
Meanwhile, the surplus under the capital and financial account totaled USD64.2 billion in Q1 of 2010, compared to a deficit of USD12.8 billion posted during the same period of 2009. In particular, net inflows of direct investments and portfolio investments amounted to USD15.5 billion and USD2.2 billion respectively, whereas net inflows of other investments reached USD45.4 billion.
China's
international reserve assets posted an increase of USD96 billion.
Specifically, foreign exchange reserve assets registered a net increase
of USD95.9 billion (exclusive of changes in the value of non-transaction
factors such as exchange rates and prices), and special drawing rights
posted an increase of USD100 million.
