In the third quarter of 2022, China's current account registered a surplus of RMB 984.2 billion, and the capital and financial accounts recorded a deficit of RMB 1020.1 billion. The financial account (excluding reserve assets) recorded a deficit of RMB 762.9 billion, and reserve assets increased by RMB 256.4 billion.

In the first three quarters of 2022, China's current account registered a surplus of RMB 2061.9 billion, and the capital and financial accounts recorded a deficit of RMB 1794.7 billion. The financial account (excluding reserve assets) recorded a deficit of RMB 1410.3 billion, and reserve assets rose by RMB 382.3 billion.

In SDR terms, in the third quarter of 2022, China posted a surplus of SDR 110.2 billion under the current account, and a deficit of SDR 114.2 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a deficit of SDR 85.5 billion, and reserves assets increased by SDR 28.7 billion.

In SDR terms, in first three quarters of 2022, China posted a surplus of SDR 231.5 billion under the current account, and a deficit of SDR 202.0 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a deficit of SDR 158.9 billion, and an increase of SDR 42.9 billion under reserves assets.

In the US dollar terms, in the third quarter of 2022, China's current account recorded a surplus of USD 144.3 billion, including a surplus of USD 200.7 billion under trade in goods, a deficit of USD 29.2 billion under trade in services, a deficit of USD 33.9 billion under primary income, and a surplus of USD 6.6 billion under secondary income. The capital and financial accounts recorded a deficit of USD 149.0 billion, including a surplus of USD 111 million under the capital account, a deficit of USD 111.6 billion under the financial account (excluding reserve assets), and an increase of USD 37.3 billion under reserves assets.

In the US dollar terms, in the first three quarters of 2022, China's current account recorded a surplus of USD 310.7 billion, including a surplus of USD 521.5 billion under trade in goods, a deficit of USD 65.5 billion under trade in services, a deficit of USD 162.9 billion under primary income, and a surplus of USD 17.7 billion under secondary income. The capital and financial accounts recorded a deficit of USD 270.2 billion, including a deficit of USD 322 million under the capital account, a deficit of USD 212.3 billion under the financial account (excluding reserve assets), and an increase of USD 57.7 billion under reserves assets. (End)

Abridged Balance of Payments of China, Third 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 Three Quarters 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" 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 denominatedBOP data,using period average central parity rate of RMBagainst 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 denominatedBOP data,using period average exchange rate of SDR against USD. The quarterlyaccumulated 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 websiteof SAFE.

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