International Payments Shows a Surplus Balance for the First Half of the Year
The State Administration of Foreign Exchange announced that there is an international balance of payments is showing a surplus for the first half for this year and the surplus under the current account have reached US$80 billion. During this period the country also registered a surplus under the capital and financial accounts which total US$77 billion.
The goods trade surplus has reached US$149 billion in contrast to the deficit which totaled US$62 billion and US$11 billion that is registered in service trade and current transfers. Furthermore the net inflow of direct investment and securities investment stands at US$93 trillion and US$36 billion which are also in contrast to the outflow of US$51 billion.
According to the reports, the international reserve assets that doesn’t include the influence of exchange rates and prices is showing an increase of US$147 billion during that period and the data also showed that by the end of June, the external financial assets which includes outbound direct investment, reserve assets, and outbound securities investment that totaled US$6 trillion in contrast to US$4 trillion in external debts.