Official Data Issued on China’s Balance of International Payments
China’s State Administration of Foreign Exchange released the official data on China’s balance of international payments for the second quarter and the first half of 2015 Details for the balance of international payments are listed below.
In the second quarter of 2015, the surplus of current accounts reached US$53.7 billion, among which:
- Goods trade surplus stood at US$90.9 billion
- Service trade deficit amounted to US$22.2 billion
- Income deficit reached US$15.6 billion
- Current transfer surplus achieved US$600 million
The deficit of the capital and financial accounts amounted to US$41.2 billion, among which:
- Net inflow of direct investment achieved US$41.1 billion
- Net inflow of securities investment reached US$11.1 billion
- Net outflow of other investments stood at US$94.4 billion
International reserve assets decreased by US$11.8 billion (excluding exchange rate, price and other non-trading value change effects), among which:
- Foreign exchange reserves decreased by US$11.2 billion
- Special Drawing Rights and reserve position in fund organizations decreased by US$500 million
In the first half of 2012, the surplus of the current accounts for balance of international payments reached US$77.2 billion, taking up 2.1 percent of GDP over the same period; the surplus of the capital and financial accounts reached US$14.9 billion; and the international reserve assets increased by US$62.9 billion.