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- Index number:
- 000014453-2022-0028
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- Dispatch date:
- 2022-03-25
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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 Fourth Quarter and for the Year 2021
In the fourth quarter of 2021, China's current account registered a surplus of RMB 757.4 billion, and the capital and financial accounts recorded a deficit of RMB 205.8 billion. The financial account (excluding reserve assets) recorded a surplus of RMB 65 billion, and reserve assets increased by RMB 270.8 billion.
In 2021, China's current account registered a surplus of RMB 2044.5 billion, and the capital and financial accounts recorded a deficit of RMB 973.2 billion. The financial account (excluding reserve assets) recorded a surplus of RMB 241.7 billion, and reserve assets increased by RMB 1215.4 billion.
In the US dollar terms, in the fourth quarter, China's current account recorded a surplus of USD 118.4 billion, including a surplus of USD 182.8 billion under trade in goods, a deficit of USD 15.2 billion under trade in services, a deficit of USD 55.5 billion under primary income and a surplus of USD 6.2 billion under secondary income. The capital and financial accounts registered a deficit of USD 32.1 billion, including a deficit of USD 5 million under the capital account, and a surplus of USD 10.1 billion under the financial account (excluding reserve assets), and reserve assets increased by USD 42.2 billion.
In the US dollar terms, in 2021, China's current account recorded a surplus of USD 317.3 billion, including a surplus of USD 562.7 billion under trade in goods, a deficit of USD 99.9 billion under trade in services, a deficit of USD 162 billion under primary income and a surplus of USD 16.5 billion under secondary income. The capital and financial accounts recorded a deficit of USD 149.9 billion, including a surplus of USD 92 million under the capital account, a surplus of USD 38.2 billion under the financial account (excluding reserve assets), and reserve assets increased by USD188.2billion.
In SDR terms, in the fourth quarter, China posted a surplus of SDR 84.2 billion under the current account, and a deficit of SDR 22.7 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a surplus of SDR 7.2 billion, and reserve assets increased by SDR 29.9 billion.
In SDR terms, in 2021, China posted a surplus of SDR 223.1 billion under the current account, and a deficit of SDR 105.4 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a surplus of SDR 26.6 billion, and reserve assets increased by SDR 132 billion.
The SAFE has revised the BOP data for each quarter since 2020, according to the latest data, and released 1950-1981 annual BOP data in the US dollar terms, both can be found in the section of "Data and Statistics" at the official website of the SAFE.
In addition, in order to facilitate understanding of the data of Balance of Payments and International Investment Position among all data users, the BOP Analysis Team of the SAFE released China's Balance of Payments Report 2021. (End)
AbridgedBalance of Payments, Q4 2021
Item | Line No. | RMB 100 million | USD 100 million | SDR 100 million |
1. Current Account | 1 | 7,574 | 1,184 | 842 |
Credit | 2 | 69,734 | 10,907 | 7,766 |
Debit | 3 | -62,160 | -9,723 | -6,924 |
1. A Goods and Services | 4 | 10,719 | 1,676 | 1,193 |
Credit | 5 | 65,707 | 10,277 | 7,318 |
Debit | 6 | -54,987 | -8,601 | -6,125 |
1.A.a Goods | 7 | 11,690 | 1,828 | 1,301 |
Credit | 8 | 59,153 | 9,252 | 6,587 |
Debit | 9 | -47,463 | -7,424 | -5,286 |
1.A.b Services | 10 | -971 | -152 | -108 |
Credit | 11 | 6,554 | 1,025 | 730 |
Debit | 12 | -7,525 | -1,177 | -839 |
1.B Primary Income | 13 | -3,543 | -555 | -395 |
Credit | 14 | 3,084 | 482 | 343 |
Debit | 15 | -6,627 | -1,036 | -738 |
1.C Secondary Income | 16 | 398 | 62 | 44 |
Credit | 17 | 944 | 148 | 105 |
Debit | 18 | -546 | -85 | -61 |
2. Capital and Financial Account | 19 | -2,058 | -321 | -227 |
2.1 Capital Account | 20 | 0 | 0 | 0 |
Credit | 21 | 3 | 0 | 0 |
Debit | 22 | -4 | -1 | 0 |
2.2 Financial Account | 23 | -2,058 | -321 | -227 |
Assets | 24 | -11,588 | -1,812 | -1,289 |
Liabilities | 25 | 9,530 | 1,491 | 1,062 |
2.2.1 Financial Account Excluding Reserve Assets | 26 | 650 | 101 | 72 |
2.2.1.1 Direct Investment | 27 | 2,964 | 463 | 330 |
Assets | 28 | -2,603 | -408 | -291 |
Liabilities | 29 | 5,566 | 871 | 621 |
2.2.1.2 Portfolio Investment | 30 | 2,341 | 366 | 261 |
Assets | 31 | -1,619 | -254 | -181 |
Liabilities | 32 | 3,959 | 620 | 442 |
2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options | 33 | 284 | 44 | 32 |
Assets | 34 | 376 | 59 | 42 |
Liabilities | 35 | -92 | -14 | -10 |
2.2.1.4 Other Investment | 36 | -4,938 | -772 | -550 |
Assets | 37 | -5,035 | -787 | -560 |
Liabilities | 38 | 97 | 15 | 10 |
2.2.2 Reserve Assets | 39 | -2,708 | -422 | -299 |
3. Net Errors and Omissions | 40 | -5,516 | -863 | -615 |
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 herein 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 period 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 period average 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”.
Abridged Balance of Payments, 2021
Item | Line No. | RMB 100 million | USD 100 million | SDR 100 million |
1. Current Account | 1 | 20,445 | 3,173 | 2,231 |
Credit | 2 | 250,060 | 38,780 | 27,248 |
Debit | 3 | -229,616 | -35,607 | -25,017 |
1. A Goods and Services | 4 | 29,810 | 4,628 | 3,255 |
Credit | 5 | 229,166 | 35,543 | 24,979 |
Debit | 6 | -199,355 | -30,915 | -21,724 |
1.A.a Goods | 7 | 36,261 | 5,627 | 3,956 |
Credit | 8 | 207,348 | 32,159 | 22,599 |
Debit | 9 | -171,087 | -26,531 | -18,644 |
1.A.b Services | 10 | -6,451 | -999 | -701 |
Credit | 11 | 21,817 | 3,384 | 2,380 |
Debit | 12 | -28,268 | -4,384 | -3,080 |
1.B Primary Income | 13 | -10,430 | -1,620 | -1,140 |
Credit | 14 | 17,724 | 2,745 | 1,924 |
Debit | 15 | -28,154 | -4,365 | -3,064 |
1.C Secondary Income | 16 | 1,064 | 165 | 116 |
Credit | 17 | 3,171 | 492 | 346 |
Debit | 18 | -2,107 | -327 | -230 |
2. Capital and Financial Account | 19 | -9,732 | -1,499 | -1,054 |
2.1 Capital Account | 20 | 6 | 1 | 1 |
Credit | 21 | 17 | 3 | 2 |
Debit | 22 | -11 | -2 | -1 |
2.2 Financial Account | 23 | -9,738 | -1,500 | -1,055 |
Assets | 24 | -52,405 | -8,116 | -5,690 |
Liabilities | 25 | 42,667 | 6,616 | 4,635 |
2.2.1 Financial Account Excluding Reserve Assets | 26 | 2,417 | 382 | 266 |
2.2.1.1 Direct Investment | 27 | 13,296 | 2,059 | 1,445 |
Assets | 28 | -8,247 | -1,280 | -901 |
Liabilities | 29 | 21,543 | 3,340 | 2,346 |
2.2.1.2 Portfolio Investment | 30 | 3,242 | 510 | 361 |
Assets | 31 | -8,129 | -1,259 | -881 |
Liabilities | 32 | 11,371 | 1,769 | 1,241 |
2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options | 33 | 715 | 111 | 78 |
Assets | 34 | 1,153 | 179 | 126 |
Liabilities | 35 | -438 | -68 | -48 |
2.2.1.4 Other Investment | 36 | -14,837 | -2,298 | -1,617 |
Assets | 37 | -25,028 | -3,873 | -2,713 |
Liabilities | 38 | 10,191 | 1,576 | 1,096 |
2.2.2 Reserve Assets | 39 | -12,154 | -1,882 | -1,320 |
3. Net Errors and Omissions | 40 | -10,713 | -1,674 | -1,177 |
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 herein 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 period 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 period average 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”.
