In the fourth quarter of 2022, China's current account registered a surplus of RMB 732.7 billion, and the capital and financial accounts recorded a deficit of RMB 602.2 billion. The financial account (excluding reserve assets) recorded a deficit of RMB 300.8 billion, and reserve assets increased by RMB 301.5 billion.

In 2022, China's current account registered a surplus of RMB 2717.7 billion, and the capital and financial accounts recorded a deficit of RMB 2116.4 billion. The financial account (excluding reserve assets) recorded a deficit of RMB 1429.4 billion, and reserve assets increased by RMB 685.0 billion.

In the US dollar terms, in the fourth quarter, China's current account recorded a surplus of USD 103.1 billion, including a surplus of USD 161.3 billion under trade in goods, a deficit of USD 30.6 billion under trade in services, a deficit of USD 30.4 billion under primary income and a surplus of USD 2.7 billion under secondary income. The capital and financial accounts registered a deficit of USD 84.2 billion, including a surplus of USD 21.6 million under the capital account, and a deficit of USD 41.9 billion under the financial account (excluding reserve assets), and reserve assets increased by USD 42.3 billion.

In the US dollar terms, in 2022, China's current account recorded a surplus of USD 401.9 billion, including a surplus of USD 668.6 billion under trade in goods, a deficit of USD 92.3 billion under trade in services, a deficit of USD 193.6 billion under primary income and a surplus of USD 19.1 billion under secondary income. The capital and financial accounts recorded a deficit of USD 311.3 billion, including a deficit of USD 309.9 million under the capital account, a deficit of USD 211.0 billion under the financial account (excluding reserve assets), and reserve assets increased by USD 100.0 billion.

In SDR terms, in the fourth quarter, China posted a surplus of SDR 79.1 billion under the current account, and a deficit of SDR 65.2 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a deficit of SDR 32.6 billion, and reserve assets increased by SDR 32.5 billion.

In SDR terms, in 2022, China posted a surplus of SDR 301.7 billion under the current account, and a deficit of SDR 235.3 billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a surplus of SDR 159.7 billion, and reserve assets increased by SDR 75.4 billion.

The SAFE has revised the BOP data for each quarter since 2021 according to the latest data, which 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 2022. (End)

Abridged Balance of Payments, Q4 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 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 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”.

Abridged Balance of Payments, 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 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 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”.