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- Index number:
- 000014453-2011-01130
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- Dispatch date:
- 2011-08-16
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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 Preliminary Data on China's Balance of Payments Statement for the Second Quarter and the First Half of 2011
The SAFE recently released preliminary data on
The current account and the capital and financial account (including net errors and omissions) posted a "twin surplus" in Q2 of 2011, and international reserves maintained their growing momentum. In Q2, the surplus under the current account reached USD69.6 billion. Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods, income, and current transfers reached USD68.5 billion, USD4.4 billion, and USD7.5 billion, respectively, whereas the deficit in trade in services amounted to USD10.8 billion. Meanwhile,
In H1 of 2011 the surplus under the current account was USD98.4 billion and that under the capital and financial account (including net errors and omissions) was USD179.3 billion, whereas international reserves registered an increase of USD277.7 billion.