-
- Index number:
- 000014453-2012-00143
-
- Dispatch date:
- 2012-05-15
-
- Publish organization:
- State Administration of Foreign Exchange
-
- Name:
- SAFE Releases Preliminary Data on China’s Balance of Payments Statement for the First Quarter of 2012
The SAFE recently released preliminary data on
In Q1 of 2012 the current account and the capital and financial account posted a “twin surplus” and international reserves maintained a growing momentum. In Q1, the surplus under the current account totaled USD24.7 billion. Specifically, according to the statistical coverage of the balance of payments, the surplus in goods, income, and current transfers reached USD21.7 billion, USD18.5 billion, and USD2.7 billion, respectively, whereas the deficit in trade in services amounted to USD18.2 billion. Meanwhile,
Unit: USD100 million
Item
|
#
|
Q1 of 2012
|
I. Current Account
|
1
|
247
|
A. Goods and Services
|
2
|
35
|
a. Goods
|
3
|
217
|
Credit
|
4
|
4314
|
Debit
|
5
|
4097
|
b. Services
|
6
|
-182
|
Credit
|
7
|
436
|
Debit
|
8
|
618
|
B. Income
|
9
|
185
|
C. Current Transfers
|
10
|
27
|
II. Capital and Financial Account2
|
11
|
499
|
Incl. Direct Investments
|
12
|
441
|
III. Reserves Asset
|
13
|
-746
|
3.1 Monetary Gold
|
14
|
0
|
3.2 Special Drawing Rights
|
15
|
-2
|
3.3 Reserves Position in the Fund
|
16
|
4
|
3.4 Foreign Exchange
|
17
|
-748
|
3.5 Other Claims
|
18
|
0
|
Notes:
1. This statement employs rounded-off numbers.
2. The data under the capital and financial account in this statement represent the balance between the current account balance and the amount of change in reserve assets, including net errors and omissions.