The SAFE recently released China 's Balance of Payments Statement for the first half of 2008. The statistics reveal that the current account and the capital and financial account posted a "twin surplus" and international reserves increased rapidly.
In the first half of 2008, China 's surplus under the current account totaled USD 191.7 billion, an increase of 18% year on year. Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods, income, and current transfers reached USD 132.5 billion, USD 38.3 billion, and USD 24.2 billion, respectively, whereas the deficit in services amounted to USD 3.3 billion.
Meanwhile, China 's surplus under the capital and financial account totaled USD 71.9 billion, a drop of 20%.  In particular, the net inflows of direct investments and portfolio investments amounted to USD 40.8 billion and USD 19.8 billion respectively, whereas the outflows of other investments reached USD 9.7 billion.
Furthermore, China 's international reserves continued to grow.  At the end of June, China registered a total of USD 1,808.8 billion in foreign exchange reserves, an increase of USD 280.6 billion over that at the end of 2007.
The BOP Analysis Team of the SAFE released Chinas Balance of Payments Report for the First Half of 2008 in order to facilitate understanding of the data and analysis of China 's balance of payments among all social groups.
The SAFE recently released China 's Balance of Payments Statement for the first half of 2008. The statistics reveal that the current account and the capital and financial account posted a "twin surplus" and international reserves increased rapidly.
In the first half of 2008, China 's surplus under the current account totaled USD 191.7 billion, an increase of 18% year on year. Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods, income, and current transfers reached USD 132.5 billion, USD 38.3 billion, and USD 24.2 billion, respectively, whereas the deficit in services amounted to USD 3.3 billion.
Meanwhile, China 's surplus under the capital and financial account totaled USD 71.9 billion, a drop of 20%.  In particular, the net inflows of direct investments and portfolio investments amounted to USD 40.8 billion and USD 19.8 billion respectively, whereas the outflows of other investments reached USD 9.7 billion.
Furthermore, China 's international reserves continued to grow.  At the end of June, China registered a total of USD 1,808.8 billion in foreign exchange reserves, an increase of USD 280.6 billion over that at the end of 2007.
The BOP Analysis Team of the SAFE released Chinas Balance of Payments Report for the First Half of 2008 in order to facilitate understanding of the data and analysis of China 's balance of payments among all social groups.