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- Index number:
- 000014453-2019-0341
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- Dispatch date:
- 2019-12-27
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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 China’s Balance of Payments for the Third Quarter and the First Three Quarters of 2019
In the third quarter of 2019, China's current account registered asurplus of RMB 343.7 billion, and the capital and financial accounts recorded a deficit of RMB 68.2 billion. The financial account (excluding reserve assets) recorded a deficit of RMB 174.4billion, and reserve assets declined by RMB 107.9 billion.
In the first three quarters of 2019,China's current account registered a surplus of RMB 942.1 billion, and the capital and financial accounts recorded a surplus of RMB 223.0 billion. The financial account (excluding reserve assets) recorded a surplus of RMB 133.1billion, and reserve assets declined byRMB 92.2 billion.
In the US dollar terms, in the third quarter of 2019,China's current account recorded a surplus of USD 49.2 billion, including a surplus of USD 131.6 billion under trade in goods, a deficit of USD 72.5 billion under trade in services, a deficit of USD 12.1 billion under primary income, and a surplus of USD 2.2 billion under secondary income. The capital and financial accounts recorded a deficit of USD 9.8 billion, including a deficit of USD 0.2 billion under the capital account, a deficit of USD 25.0 billion under the financial account(excluding reserve assets), and a decline of USD 15.4 billion under reserves assets.
In the US dollar terms, in the first three quarters of 2019,China's current account recorded a surplus ofUSD 137.4 billion, including a surplus of USD 339.9 billion under trade in goods, a deficit of USD 201.8 billion under trade in services, a deficit of USD 8.3 billion under primary income, and a surplus of USD 7.6 billion under secondary income. The capital and financial accounts recorded a surplus of USD 33.2 billion, including a deficit of USD 0.3 billion under the capital account, a surplus of USD 20.5 billion under the financial account (excluding reserve assets), and a decrease of USD 13.0 billion under reserves assets.
In SDR terms, in the third quarter of 2019, China posted a surplus of SDR 35.8 billion under the current account, and a deficit of SDR 7.1 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a deficit of SDR 18.2 billion, and reserves assets decreased by SDR 11.2 billion.
In SDR terms, in first three quarters of 2019, China posted a surplus of SDR 99.4 billion under the current account, and a surplus of SDR 23.8 billion under the capital and financial accounts. The financial account (excluding reserveassets) registered a surplus of SDR 14.5 billion, and a decrease of SDR 9.5 billion under reserves assets. (End)
Abridged Balanceof Payments of China, Third Quarterof 2019
Item | Line No. | RMB 100 million | USD 100 million | SDR 100 million |
1. Current Account | 1 | 3,437 | 492 | 358 |
Credit | 2 | 53,256 | 7,622 | 5,546 |
Debit | 3 | -49,819 | -7,130 | -5,189 |
1. A Goods and Services | 4 | 4,128 | 591 | 430 |
Credit | 5 | 48,554 | 6,949 | 5,057 |
Debit | 6 | -44,427 | -6,358 | -4,627 |
1.A.a Goods | 7 | 9,192 | 1,316 | 957 |
Credit | 8 | 44,375 | 6,351 | 4,622 |
Debit | 9 | -35,183 | -5,035 | -3,664 |
1.A.b Services | 10 | -5,065 | -725 | -527 |
Credit | 11 | 4,179 | 598 | 435 |
Debit | 12 | -9,244 | -1,323 | -963 |
1.B Primary Income | 13 | -844 | -121 | -88 |
Credit | 14 | 4,250 | 608 | 443 |
Debit | 15 | -5,094 | -729 | -531 |
1.C Secondary Income | 16 | 153 | 22 | 16 |
Credit | 17 | 451 | 65 | 47 |
Debit | 18 | -298 | -43 | -31 |
2. Capital and Financial Account | 19 | -682 | -98 | -71 |
2.1 Capital Account | 20 | -17 | -2 | -2 |
Credit | 21 | 3 | 0 | 0 |
Debit | 22 | -19 | -3 | -2 |
2.2 Financial Account | 23 | -665 | -95 | -69 |
Assets | 24 | -4,406 | -631 | -459 |
Liabilities | 25 | 3,741 | 535 | 390 |
2.2.1 Financial Account Excluding Reserve Assets | 26 | -1,744 | -250 | -182 |
2.2.1.1 Direct Investment | 27 | -355 | -51 | -37 |
Assets | 28 | -1,588 | -227 | -165 |
Liabilities | 29 | 1,234 | 177 | 128 |
2.2.1.2 Portfolio Investment | 30 | 1,397 | 200 | 146 |
Assets | 31 | -1,689 | -242 | -176 |
Liabilities | 32 | 3,087 | 442 | 321 |
2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options | 33 | -72 | -10 | -8 |
Assets | 34 | 63 | 9 | 7 |
Liabilities | 35 | -135 | -19 | -14 |
2.2.1.4 Other Investment | 36 | -2,714 | -388 | -283 |
Assets | 37 | -2,270 | -325 | -236 |
Liabilities | 38 | -444 | -64 | -46 |
2.2.2 Reserve Assets | 39 | 1,079 | 154 | 112 |
3. Net Errors and Omissions | 40 | -2,755 | -394 | -287 |
Notes:
1.The statement is compiled according to BPM6. Reserve assets are included incapital and financial accounts.
2."Credit" is presented as positive value while "debit" asnegative value, and the balance is the sum of the"Credit" and the "Debit". All items herein refer to balance,unless marked with "Credit" or "Debit".
3.The RMB denominated quarterly BOP data is converted from the USD denominated BOP data,using quarterly average centralparity rate of RMB against USD. The quarterly accumulated RMB denominated BOP data is derived from the sum total of the RMB denominated data for the quarters.
4.The SDR denominated quarterly BOP data is converted from the USD denominated BOP data,using quarterlyaverage exchange rate of SDR against USD. The quarterly accumulated SDRdenominated BOP data is derived from the sum total of the SDR denominated data for the quarters.
5.This statement employs rounded-off numbers.
6.For detailed data, please see “Data and Statistics” at the website of SAFE.
Abridged China’s Balanceof Payments, First Three Quarters of 2019
Item | Line No. | RMB 100 million | USD 100 million | SDR 100 million |
1. Current Account | 1 | 9,421 | 1,374 | 994 |
Credit | 2 | 148,907 | 21,726 | 15,705 |
Debit | 3 | -139,485 | -20,351 | -14,711 |
1. A Goods and Services | 4 | 9,499 | 1,381 | 1,000 |
Credit | 5 | 134,588 | 19,634 | 14,194 |
Debit | 6 | -125,089 | -18,253 | -13,194 |
1.A.a Goods | 7 | 23,330 | 3,399 | 2,458 |
Credit | 8 | 122,369 | 17,850 | 12,904 |
Debit | 9 | -99,039 | -14,451 | -10,446 |
1.A.b Services | 10 | -13,831 | -2,018 | -1,459 |
Credit | 11 | 12,219 | 1,784 | 1,289 |
Debit | 12 | -26,050 | -3,802 | -2,748 |
1.B Primary Income | 13 | -600 | -83 | -62 |
Credit | 14 | 12,990 | 1,898 | 1,371 |
Debit | 15 | -13,590 | -1,981 | -1,433 |
1.C Secondary Income | 16 | 522 | 76 | 55 |
Credit | 17 | 1,328 | 194 | 140 |
Debit | 18 | -806 | -118 | -85 |
2. Capital and Financial Account | 19 | 2,230 | 332 | 238 |
2.1 Capital Account | 20 | -23 | -3 | -2 |
Credit | 21 | 11 | 2 | 1 |
Debit | 22 | -33 | -5 | -4 |
2.2 Financial Account | 23 | 2,253 | 335 | 241 |
Assets | 24 | -9,559 | -1,390 | -1,006 |
Liabilities | 25 | 11,811 | 1,725 | 1,247 |
2.2.1 Financial Account Excluding Reserve Assets | 26 | 1,331 | 205 | 145 |
2.2.1.1 Direct Investment | 27 | 2,023 | 301 | 216 |
Assets | 28 | -4,758 | -695 | -502 |
Liabilities | 29 | 6,781 | 995 | 718 |
2.2.1.2 Portfolio Investment | 30 | 2,955 | 430 | 311 |
Assets | 31 | -4,337 | -632 | -457 |
Liabilities | 32 | 7,291 | 1,062 | 768 |
2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options | 33 | -68 | -10 | -7 |
Assets | 34 | 179 | 26 | 19 |
Liabilities | 35 | -247 | -36 | -26 |
2.2.1.4 Other Investment | 36 | -3,579 | -517 | -375 |
Assets | 37 | -1,564 | -220 | -161 |
Liabilities | 38 | -2,015 | -297 | -214 |
2.2.2 Reserve Assets | 39 | 922 | 130 | 95 |
3. Net Errors and Omissions | 40 | -11,651 | -1,706 | -1,232 |
Notes:
1.The statement is compiled according to BPM6. Reserve assets are included incapital and financial accounts.
2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the"Credit" and the "Debit". All items herein refer to balance,unless marked with "Credit" or "Debit".
3.The RMB denominated quarterly BOP data is converted from the USD denominatedBOP data,using quarterly average central parity rate of RMB against USD. The quarterly accumulated RMB denominated BOP data is derived fromthe sum total of the RMB denominated data for the quarters.
4.The SDR denominated quarterly BOP data is converted from the USD denominated BOP data,using quarterly average exchange rate of SDR against USD. The quarterly accumulated SDR denominated BOP data is derived from the sum total of the SDRdenominated data for the quarters.
5.This statement employs rounded-off numbers.
6.For detailed data, please see “Data and Statistics” at the website of SAFE.
