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- Index number:
- 000014453-2021-0051
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- Dispatch date:
- 2021-06-25
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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 China’s Balance of Payments for the First Quarter of 2021
In the first quarter of 2021, China's current account registered a surplus of RMB 450.3 billion, and the capital and financial accounts recorded a deficit of RMB 450.7 billion.
In SDR terms, in the first quarter of 2021, China posted a surplus of SDR 48.3 billion under the current account, and a deficit of SDR 48.4 billion under the capital and financial accounts.
In the US dollar terms, in the first quarter, China's current account recorded a surplus of USD 69.4 billion, including a surplus of USD 118.7 billion under trade in goods, a deficit of USD 22.2 billion under trade in services, a deficit of USD 29.4 billion under primary income and a surplus of USD 2.3 billion under secondary income. The capital and financial accounts recorded a deficit of USD 69.5 billion, including a deficit of USD 38 million under the capital account, a surplus of USD 75.7 under direct investment, a surplus of USD 3.5 billion under portfolio investment, a surplus of USD 1.8 billion under financial derivatives, a deficit of USD 115.5 billion under other investment, and reserves assets increased by USD 35 billion.(End)
Abridged Balance of Payments, Q1 2021
Item | Line No. | RMB 100 million | USD 100 million | SDR 100 million |
1. Current Account | 1 | 4,503 | 694 | 483 |
Credit | 2 | 54,684 | 8,433 | 5,870 |
Debit | 3 | -50,180 | -7,739 | -5,386 |
1. A Goods and Services | 4 | 6,257 | 965 | 672 |
Credit | 5 | 49,700 | 7,665 | 5,335 |
Debit | 6 | -43,443 | -6,700 | -4,663 |
1.A.a Goods | 7 | 7,696 | 1,187 | 826 |
Credit | 8 | 45,013 | 6,942 | 4,832 |
Debit | 9 | -37,317 | -5,755 | -4,006 |
1.A.b Services | 10 | -1,439 | -222 | -154 |
Credit | 11 | 4,687 | 723 | 503 |
Debit | 12 | -6,126 | -945 | -658 |
1.B Primary Income | 13 | -1,905 | -294 | -205 |
Credit | 14 | 4,308 | 664 | 462 |
Debit | 15 | -6,213 | -958 | -667 |
1.C Secondary Income | 16 | 151 | 23 | 16 |
Credit | 17 | 675 | 104 | 72 |
Debit | 18 | -524 | -81 | -56 |
2. Capital and Financial Account | 19 | -4,507 | -695 | -484 |
2.1 Capital Account | 20 | -2 | -0.4 | 0 |
Credit | 21 | 2 | 0 | 0 |
Debit | 22 | -4 | -1 | 0 |
2.2 Financial Account | 23 | -4,505 | -695 | -484 |
Assets | 24 | -19,562 | -3,017 | -2,100 |
Liabilities | 25 | 15,057 | 2,322 | 1,616 |
2.2.1 Financial Account Excluding Reserve Assets | 26 | -2,235 | -345 | -240 |
2.2.1.1 Direct Investment | 27 | 4,909 | 757 | 527 |
Assets | 28 | -1,421 | -219 | -153 |
Liabilities | 29 | 6,329 | 976 | 679 |
2.2.1.2 Portfolio Investment | 30 | 228 | 35 | 24 |
Assets | 31 | -4,647 | -717 | -499 |
Liabilities | 32 | 4,874 | 752 | 523 |
2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options | 33 | 116 | 18 | 12 |
Assets | 34 | 229 | 35 | 25 |
Liabilities | 35 | -113 | -17 | -12 |
2.2.1.4 Other Investment | 36 | -7,488 | -1,155 | -804 |
Assets | 37 | -11,454 | -1,766 | -1,229 |
Liabilities | 38 | 3,966 | 612 | 426 |
2.2.2 Reserve Assets | 39 | -2,269 | -350 | -244 |
3. Net Errors and Omissions | 40 | 4 | 1 | 0 |
Notes:
1.The statement is compiled according to BPM6. Reserve assets are included in capital and financial accounts.
2."Credit" is presented as positive value while "debit" as negative value, and the difference is the sum of the "Credit" and the "Debit". All items here in refer to difference, unless marked with "Credit" or "Debit".
3.The RMB denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the quarterly average central parity 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 for the quarter using the quarterly average exchange rate of SDR against USD. The quarterly accumulated SDR denominated 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 the section of “Data and Statistics” at the website of the SAFE.
7. The BOP data
is revised regularly; please find the latest data in “Data and
Statistics”.
