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- Index number:
- 000014453-2012-00140
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- Dispatch date:
- 2012-05-15
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number:
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- Name:
- SAFE Releases China’s Balance of Payments Statement for the Fourth Quarter of 2011 and for the Year 2011
The SAFE recently released China’s balance of payments statement for the fourth quarter and the year 2011, revised and released data on China’s Balance of Payments Statement for each quarter and the year 2010 according to the updates on the undistributed profits of foreign-funded enterprises for the year 2010, and so forth.
In the fourth quarter of 2011 the current account posted a surplus whereas the capital and financial account posted a deficit. International reserves maintained a growing momentum. The surplus under the current account totaled USD60.5 billion. Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods, income, and current transfers reached USD70.6 billion, USD2.7 billion, and USD2.3 billion, respectively, whereas the deficit in trade in services amounted to USD15.2 billion. Meanwhile,
For the year 2011, the surplus under the current account was USD201.7 billion and the surplus under the capital and financial account was USD221.1 billion, whereas international reserves registered an increase of USD387.8 billion.
In addition, the BOP Analysis Team of the SAFE released