In the fourth quarter of 2024, China's current account registered a surplus of RMB 1171.9 billion, and the capital and financial accounts recorded a deficit of RMB 1339.4 billion.

In 2024, China's current account registered a surplus of RMB 3021.3 billion, and the capital and financial accounts recorded a deficit of RMB 3093.2 billion.

In the US dollar terms, in the fourth quarter, China's current account recorded a surplus of USD 163.8 billion, including a surplus of USD 249.8 billion under trade in goods, a deficit of USD 47.4 billion under trade in services, a deficit of USD 43.3 billion under primary income and a surplus of USD 4.7 billion under secondary income. The capital and financial accounts registered a deficit of USD 187.3 billion, including a surplus of USD 47.6 million under the capital account, and a deficit of USD 187.4 billion under the financial account.

In the US dollar terms, in 2024, China's current account recorded a surplus of USD 423.9 billion, including a surplus of USD 768.0 billion under trade in goods, a deficit of USD 229.0 billion under trade in services, a deficit of USD 130.0 billion under primary income and a surplus of USD 15.0 billion under secondary income. The capital and financial accounts recorded a deficit of USD 434.0 billion, including a deficit of USD 109.1 million under the capital account, a deficit of USD 433.9 billion under the financial account.

In SDR terms, in the fourth quarter, China posted a surplus of SDR 123.9 billion under the current account, and a deficit of SDR 141.5 billion under the capital and financial accounts.

In SDR terms, in 2024, China posted a surplus of SDR 318.8 billion under the current account, and a deficit of SDR 326.2 billion under the capital and financial accounts.

The SAFE has revised the BOP data for each quarter since 2023 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 2024. (End)

Abridged Balance of Payments, Q4 2024

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. In the fourth quarter of 2024, the equity other than reinvestment of earnings under direct investment liabilities (credit) was USD 30.7 billion (RMB 220.1 billion).

6.This statement employs rounded-off numbers.

7. For detailed data, please see the section of “Data and Statistics” at the website of the SAFE.

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

Abridged Balance of Payments, 2024

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.In 2024, the equity other than reinvestment of earnings under direct investment liabilities (credit) was USD 90.9 billion (RMB 648.0 billion).

6.This statement employs rounded-off numbers.

7. For detailed data, please see the section of “Data and Statistics” at the website of the SAFE.

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