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- Index number:
- 000014453-2019-0217
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- Dispatch date:
- 2010-11-25
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number：
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- Name：
- SAFE Releases Preliminary Data on China's Balance of Payments Statement for the Third Quarter of 2010
Initial estimates reveal that in Q3 of 2010 the current account and the capital and financial account (including net errors and omissions) continued to post a surplus and international reserves maintained a growing momentum. In Q3, the surplus under the current account totaled USD102.3 billion, a year-on-year increase of 103 percent as calculated on a comparable basis (the same below). Specifically, the surpluses in goods, income, and current transfers reached USD81.4 billion, USD14.5 billion, and USD10.8 billion, respectively, whereas the deficit in trade in services amounted to USD4.4 billion Meanwhile, China's surplus under the capital and financial account (including net errors and omissions) totaled USD5.7 billion. In particular, net inflows of direct investments amounted to USD23 billion. International reserve assets posted an increase of USD108 billion, a rise of 31 percent. Specifically, transactions in foreign exchange reserve assets registered an increase of USD107.3 billion (exclusive of the influence of non-transaction changes in value such as exchange rates and prices) and the reserve position in the IMF registered an increase of USD700 million.
In the first three quarters of 2010, China's surplus under the current account totaled USD204 billion, an increase of 30 percent year on year; the surplus under the capital and financial account (including net errors and omissions) totaled USD82.1 billion; and international reserve assets posted an increase of USD286 billion, a rise of 7 percent year on year.