In the second quarter of 2022, China's current account registered a surplus of RMB 513.3 billion, and the capital and financial accounts recorded a deficit of RMB 208.4 billion.

In the first half of 2022, China's current account registered a surplus of RMB 1077.7 billion, and the capital and financial accounts recorded a deficit of RMB 774.7 billion.

In SDR terms, in the second quarter of 2022, China posted a surplus of SDR 57.5 billion under the current account, and a deficit of SDR 23.5 billion under the capital and financial accounts.

In SDR terms, in first half of 2022, China posted a surplus of SDR 121.3 billion under the current account, and a deficit of SDR 87.8 billion under the capital and financial accounts.

In the US dollar terms, in the second quarter of 2022, China's current account recorded a surplus of USD 77.5 billion, including a surplus of USD 175.8 billion under trade in goods, a deficit of USD 19.7 billion under trade in services, a deficit of USD 84.4 billion under primary income, and a surplus of USD 5.8 billion under secondary income. The capital and financial accounts recorded a deficit of USD 32 billion, including a surplus of USD 37 million under the capital account, a deficit of USD 51 billion under the financial account (excluding reserve assets), and a decrease of USD 19 billion under reserves assets.

In the US dollar terms, in the first half of 2022, China's current account recorded a surplus of USD 166.4 billion, including a surplus of USD 320.8 billion under trade in goods, a deficit of USD 36.4 billion under trade in services, a deficit of USD 129 billion under primary income, and a surplus of USD 11 billion under secondary income. The capital and financial accounts recorded a deficit of USD 121.2 billion, including a deficit of USD 211 million under the capital account, a deficit of USD 100.7 billion under the financial account (excluding reserve assets), and an increase of USD 20.4 billion under reserves assets.

In addition, to facilitate understanding of China’s Balance of Payments and International Investment Position among all users, the BOP Analysis Team of SAFE released China’s Balance of Payments Report for the First Half of 2022 (in Chinese). (End)

Abridged Balance of Payments of China, Second Quarter of 2022

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 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 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, using period 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 “Data and Statistics” at the website of SAFE.

7.The BOP data is revised regularly; please find the latest data in “Data and Statistics”.

Abridged China’s Balance of Payments, First Half of 2022

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 denominated BOP data,using 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, using period 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 “Data and Statistics” at the website of SAFE.

7.The BOP data is revised regularly; please find the latest data in “Data and Statistics”.