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    SAFE News
    • Index number:
      000014453-2017-00690
    • Dispatch date:
      2017-11-06
    • Publish organization:
      State Administration of Foreign Exchange
    • Exchange Reference number:
    • Name:
      SAFE Disseminates Preliminary Data in the Balance of Payments for the Third Quarter and the First Three Quarters of 2017
    SAFE Disseminates Preliminary Data in the Balance of Payments for the Third Quarter and the First Three Quarters of 2017


    In the third quarter of 2017, China's current account registered a surplus of RMB 247.2 billion, and the capital and financial accounts (including net errors and omissions for the third quarter, the same below) recorded a deficit of RMB 247.2 billion. To be specific, the financial account (excluding reserve assets, but including net errors and omissions for the third quarter, the same below) recorded a deficit of RMB 47.8 billion, and reserve assets rose by RMB 199.5 billion.  

    In the first three quarters, China's current account registered a surplus of RMB 722.6 billion, and the capital and financial accounts recorded a surplus of RMB 20.4 billion. To be specific, the financial account (excluding reserve assets) recorded a surplus of RMB 419.1 billion, and reserve assets rose by RMB 398 billion.

    In the US dollar terms, in the third quarter, China's current account recorded a surplus of USD 37.1 billion, including a surplus of USD 121 billion under trade in goods, a deficit of USD 68.1 billion under trade in services, a deficit of USD 13.3 billion under primary income and a deficit of USD 2.5 billion under secondary income. The capital and financial accounts registered a deficit of USD 37.1 billion, including a surplus of USD 10 million under the capital account, and a deficit of USD 7.2 billion under the financial account (excluding reserve assets) and an increase of USD 29.9 billion under reserve assets.  

    In the US dollar terms, in the first three quarters, the current account registered a surplus of USD 106.3 billion, including a surplus of USD 335.4 billion under trade in goods, a deficit of USD 203.2 billion under trade in services, a deficit of USD 16.7 billion under primary income, and a deficit of USD 9.2 billion under secondary income. The capital and financial accounts recorded a surplus of USD 1.8 billion, including a deficit of USD 100 million under the capital account, a surplus of USD 60.8 billion under the financial account (excluding reserve assets) and an increase of USD 58.9 billion under reserve assets.

    In SDR terms, in the third quarter, China posted a surplus of SDR 26.3 billion under the current account, and a deficit of SDR 26.3 billion under the capital and financial accounts. To be specific, the financial account (excluding reserve assets) registered a deficit of SDR 5.1 billion, and reserves assets increased by SDR 21.2 billion.

    In SDR terms, in the first three quarters, China posted a surplus of SDR 76.6 billion under the current account, and a surplus of SDR 2.4 billion under the capital and financial accounts. To be specific, the financial account (excluding reserve assets) registered a surplus of SDR 44.6 billion, and reserves assets rose by SDR 42.1 billion.

        




     

    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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