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- Index number:
- 000014453-2019-0199
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- Dispatch date:
- 2011-07-11
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number：
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- Name：
- The SAFE Releases Revised Data on China's Balance of Payments Statement for Q1 of 2011
The SAFE recently released its revised data on China's Balance of Payments Statement for Q1 of 2011. The statistics reveal that in Q1 of 2011 the current account and the capital and financial account continued to post a "twin surplus."
In Q1 of 2011, China's surplus under the current account totaled USD28.8 billion, a decrease of 21 percent year on year. Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods, income, and current transfers reached USD20.8 billion, USD5.1 billion, and USD11.6 billion, respectively, whereas the deficit in trade in services amounted to USD8.7 billion.
Meanwhile, in Q1 of 2011 China's surplus under the capital and financial account totaled USD86.1 billion, an increase of 41 percent year on year. In particular, net inflows of direct investments and other investments amounted to USD44.8 billion and USD42.5 billion respectively, whereas net outflows of portfolio investments reached USD2.7 billion.
China's international reserve assets from transactions increased by USD141.2 billion. Specifically, foreign exchange reserve assets registered a net increase of USD138 billion (exclusive of the influence of non-transaction value change factors such as exchange rates, prices, and so forth), reserve investment in the IMF registered an increase of USD3.2 billion, and special drawing rights registered a decrease of USD100 million.