-
- Index number:
- 000014453-2020-0063
-
- Dispatch date:
- 2020-05-08
-
- Publish organization:
- State Administration of Foreign Exchange
-
- Exchange Reference number:
-
- Name:
- SAFE Releases Preliminary Data of the Balance of Payments for the First Quarter of 2020
In the first quarter of 2020, China's current account registered a deficit of RMB 207.6 billion, including a surplus of RMB 184.5 billion under trade in goods, a deficit of RMB 328.1 billion under trade in services, a deficit of RMB 68.1 billion under primary income and a surplus of RMB 4.1 billion under secondary income. The capital and financial accounts (including net errors and omissions for the quarter) recorded a surplus of RMB 207.6 billion, in which foreign direct investment recorded a surplus of RMB 104.3 billion, and reserve assets decreased by RMB 175.4 billion.
In the US dollar terms, in the first quarter of 2020, China's current account registered a deficit of USD 29.7 billion, including a surplus of USD 26.4 billion under trade in goods, a deficit of USD 47.0 billion under trade in services, a deficit of USD 9.8 billion under primary income and a surplus of USD 600 million under secondary income. The capital and financial accounts (including net errors and omissions for the quarter) recorded a surplus of USD 29.7 billion, in which foreign direct investment recorded a surplus of USD 14.9 billion, and reserve assets decreased by USD 25.1 billion.
In SDR terms, in the first quarter of 2020, China's current account registered a deficit of SDR 22.1 billion, including a surplus of SDR 19.6 billion under trade in goods, a deficit of SDR 34.9 billion under trade in services, a deficit of SDR 7.2 billion under primary income and a surplus of SDR 400 million under secondary income. The capital and financial accounts (including net errors and omissions for the quarter) recorded a surplus of SDR 22.1 billion, in which foreign direct investment recorded a surplus of SDR 11.1 billion, and reserve assets decreased by SDR 18.7 billion. (End)
China's Balance of Payments (Preliminary Data)
Unit:RMB 100 million
Item | Line No. | Q1 2020 |
1. Current account | 1 | -2,076 |
Credit | 2 | 38,943 |
Debit | 3 | -41,019 |
1. A Goods and Services | 4 | -1,436 |
Credit | 5 | 36,495 |
Debit | 6 | -37,931 |
1.A.a Goods | 7 | 1,845 |
Credit | 8 | 32,695 |
Debit | 9 | -30,850 |
1.A.b Services | 10 | -3,281 |
Credit | 11 | 3,800 |
Debit | 12 | -7,080 |
1.A.b.1 Processing services | 13 | 232 |
Credit | 14 | 241 |
Debit | 15 | -8 |
1.A.b.2 Maintenance and Repair Services | 16 | 93 |
Credit | 17 | 135 |
Debit | 18 | -43 |
1.A.b.3 Transport | 19 | -816 |
Credit | 20 | 718 |
Debit | 21 | -1,534 |
1.A.b.4 Travel | 22 | -2,901 |
Credit | 23 | 321 |
Debit | 24 | -3,221 |
1.A.b.5 Construction | 25 | 16 |
Credit | 26 | 168 |
Debit | 27 | -152 |
1.A.b.6 Insurance and Pension Services | 28 | -81 |
Credit | 29 | 69 |
Debit | 30 | -150 |
1.A.b.7 Financial Services | 31 | 31 |
Credit | 32 | 68 |
Debit | 33 | -37 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -347 |
Credit | 35 | 162 |
Debit | 36 | -509 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 30 |
Credit | 38 | 592 |
Debit | 39 | -562 |
1.A.b.10 Other Business Services | 40 | 537 |
Credit | 41 | 1,275 |
Debit | 42 | -739 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -33 |
Credit | 44 | 15 |
Debit | 45 | -48 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -43 |
Credit | 47 | 35 |
Debit | 48 | -78 |
1.B Primary Income | 49 | -681 |
Credit | 50 | 1,883 |
Debit | 51 | -2,564 |
1.C Secondary Income | 52 | 41 |
Credit | 53 | 566 |
Debit | 54 | -525 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | 2,076 |
2.1 Capital Account | 56 | -6 |
Credit | 57 | 1 |
Debit | 58 | -8 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | 2,083 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | 328 |
Including: 2.2.1.1 Direct Investment | 61 | 1,043 |
2.2.1.1.1 Assets | 62 | -1,302 |
2.2.1.1.2 Liabilities | 63 | 2,345 |
2.2.2 Reserve Assets | 64 | 1,754 |
2.2.2.1 Monetary gold | 65 | 0 |
2.2.2.2 Special drawing rights | 66 | -3 |
2.2.2.3 Reserve position in the IMF | 67 | 18 |
2.2.2.4 Foreign exchange reserves | 68 | 1,738 |
2.2.2.5 Other reserves | 69 | 0 |
3. Net Errors and Omissions | 70 | / |
Note: 1. The table is compiled according to BPM6.
2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit".
3. The RMB denominated BOP statement is converted from the USD denominated BOP statement for the quarter using the quarterly average central parity rate of RMB against USD.
4.Since net errors and omissions are included, the amount of the capital and financial accounts is the opposite number of the difference in the current account.
5.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit: USD100 million
Item | Line No. | Q1 2020 |
1. Current account | 1 | -297 |
Credit | 2 | 5,580 |
Debit | 3 | -5,877 |
1. A Goods and Services | 4 | -206 |
Credit | 5 | 5,229 |
Debit | 6 | -5,435 |
1.A.a Goods | 7 | 264 |
Credit | 8 | 4,685 |
Debit | 9 | -4,420 |
1.A.b Services | 10 | -470 |
Credit | 11 | 544 |
Debit | 12 | -1,015 |
1.A.b.1 Processing services | 13 | 33 |
Credit | 14 | 34 |
Debit | 15 | -1 |
1.A.b.2 Maintenance and Repair Services | 16 | 13 |
Credit | 17 | 19 |
Debit | 18 | -6 |
1.A.b.3 Transport | 19 | -117 |
Credit | 20 | 103 |
Debit | 21 | -220 |
1.A.b.4 Travel | 22 | -416 |
Credit | 23 | 46 |
Debit | 24 | -462 |
1.A.b.5 Construction | 25 | 2 |
Credit | 26 | 24 |
Debit | 27 | -22 |
1.A.b.6 Insurance and Pension Services | 28 | -12 |
Credit | 29 | 10 |
Debit | 30 | -22 |
1.A.b.7 Financial Services | 31 | 4 |
Credit | 32 | 10 |
Debit | 33 | -5 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -50 |
Credit | 35 | 23 |
Debit | 36 | -73 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 4 |
Credit | 38 | 85 |
Debit | 39 | -81 |
1.A.b.10 Other Business Services | 40 | 77 |
Credit | 41 | 183 |
Debit | 42 | -106 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -5 |
Credit | 44 | 2 |
Debit | 45 | -7 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -6 |
Credit | 47 | 5 |
Debit | 48 | -11 |
1.B Primary Income | 49 | -98 |
Credit | 50 | 270 |
Debit | 51 | -367 |
1.C Secondary Income | 52 | 6 |
Credit | 53 | 81 |
Debit | 54 | -75 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | 297 |
2.1 Capital Account | 56 | -1 |
Credit | 57 | 0 |
Debit | 58 | -1 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | 298 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | 47 |
Including: 2.2.1.1 Direct Investment | 61 | 149 |
2.2.1.1.1 Assets | 62 | -187 |
2.2.1.1.2 Liabilities | 63 | 336 |
2.2.2 Reserve Assets | 64 | 251 |
2.2.2.1 Monetary gold | 65 | 0 |
2.2.2.2 Special drawing rights | 66 | 0 |
2.2.2.3 Reserve position in the IMF | 67 | 3 |
2.2.2.4 Foreign exchange reserves | 68 | 249 |
2.2.2.5 Other reserves | 69 | 0 |
3. Net Errors and Omissions | 70 | / |
Note:1. The table is compiled according to BPM6.
2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the"Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit".
3.Since net errors and omissions are included, the amount of the capital and financial accounts is the opposite number of the difference in the current account.
4.This table employs rounded-off numbers.
China's Balance of Payments (Preliminary Data)
Unit: SDR 100 million
Item | Line No. | Q1 2020 |
1. Current account | 1 | -221 |
Credit | 2 | 4,144 |
Debit | 3 | -4,365 |
1. A Goods and Services | 4 | -153 |
Credit | 5 | 3,883 |
Debit | 6 | -4,036 |
1.A.a Goods | 7 | 196 |
Credit | 8 | 3,479 |
Debit | 9 | -3,283 |
1.A.b Services | 10 | -349 |
Credit | 11 | 404 |
Debit | 12 | -753 |
1.A.b.1 Processing services | 13 | 25 |
Credit | 14 | 26 |
Debit | 15 | -1 |
1.A.b.2 Maintenance and Repair Services | 16 | 10 |
Credit | 17 | 14 |
Debit | 18 | -5 |
1.A.b.3 Transport | 19 | -87 |
Credit | 20 | 76 |
Debit | 21 | -163 |
1.A.b.4 Travel | 22 | -309 |
Credit | 23 | 34 |
Debit | 24 | -343 |
1.A.b.5 Construction | 25 | 2 |
Credit | 26 | 18 |
Debit | 27 | -16 |
1.A.b.6 Insurance and Pension Services | 28 | -9 |
Credit | 29 | 7 |
Debit | 30 | -16 |
1.A.b.7 Financial Services | 31 | 3 |
Credit | 32 | 7 |
Debit | 33 | -4 |
1.A.b.8 Charges for the Use of Intellectual Property | 34 | -37 |
Credit | 35 | 17 |
Debit | 36 | -54 |
1.A.b.9 Telecommunications, Computer, and Information Services | 37 | 3 |
Credit | 38 | 63 |
Debit | 39 | -60 |
1.A.b.10 Other Business Services | 40 | 57 |
Credit | 41 | 136 |
Debit | 42 | -79 |
1.A.b.11 Personal, Cultural, and Recreational Services | 43 | -3 |
Credit | 44 | 2 |
Debit | 45 | -5 |
1.A.b.12 Government Goods and Services n.i.e | 46 | -5 |
Credit | 47 | 4 |
Debit | 48 | -8 |
1.B Primary Income | 49 | -72 |
Credit | 50 | 200 |
Debit | 51 | -273 |
1.C Secondary Income | 52 | 4 |
Credit | 53 | 60 |
Debit | 54 | -56 |
2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) | 55 | 221 |
2.1 Capital Account | 56 | -1 |
Credit | 57 | 0 |
Debit | 58 | -1 |
2.2. Financial Account (Including Net Errors and Omissions for the Quarter) | 59 | 222 |
2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) | 60 | 35 |
Including: 2.2.1.1 Direct Investment | 61 | 111 |
2.2.1.1.1 Assets | 62 | -139 |
2.2.1.1.2 Liabilities | 63 | 250 |
2.2.2 Reserve Assets | 64 | 187 |
2.2.2.1 Monetary gold | 65 | 0 |
2.2.2.2 Special drawing rights | 66 | 0 |
2.2.2.3 Reserve position in the IMF | 67 | 2 |
2.2.2.4 Foreign exchange reserves | 68 | 185 |
2.2.2.5 Other reserves | 69 | 0 |
3. Net Errors and Omissions | 70 | / |
Notes:1. The table is compiled according to BPM6.
2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit".
3.The SDR denominated quarterly BOP statement is converted from the USD denominated BOPstatement for the quarter using the quarterly average exchange rate of SDR against USD.
4.Since net errors and omissions are included, the amount of the capital and financial accounts is the opposite number of the difference in the current account.
5.This table employs rounded-off numbers.