China's current account surplus was 982.2 billion in the first three quarters

According to the data released by the State Administration of foreign exchange on November 8, in the first three quarters of 2019, China's current account showed a surplus, cross-border capital flow was stable, and the balance of payments remained basically balanced. In the third quarter of 2019, China's current account surplus is 383.8 billion yuan, including 944.5 billion yuan in goods trade, 506 billion yuan in services trade, 70 billion yuan in primary revenue and 15.3 billion yuan in secondary revenue. In the capital and financial accounts, the direct investment deficit is 52.1 billion yuan. In the first three quarters of 2019, China's current account surplus was 982.2 billion yuan, including 2358.3 billion yuan in goods trade, 1382.7 billion yuan in services trade, 45.6 billion yuan in primary revenue and 52.2 billion yuan in secondary revenue. In the capital and financial accounts, the direct investment surplus is 185.6 billion yuan. In the third quarter of 2019, China's current account surplus is US $54.9 billion, including US $135.2 billion in goods trade, US $72.4 billion in services trade, US $10 billion in primary revenue and US $2.2 billion in secondary revenue. In the capital and financial accounts, the direct investment deficit is $7.5 billion. In the first three quarters of 2019, China's current account surplus was US $1432 billion, including US $343.5 billion in goods trade, US $2017 billion in services trade, US $6.3 billion in primary revenue and US $7.6 billion in secondary revenue. In the capital and financial accounts, the direct investment surplus was $27.7 billion.

In the third quarter of 2019, China's current account surplus is 40 billion SDR, including 98.4 billion SDR in goods trade and 52.7 billion SDR in services trade. In the capital and financial accounts, the direct investment deficit is 5.4 billion SDR. In the first three quarters of 2019, China's current account surplus was 103.5 billion SDR, including 248.5 billion SDR for goods trade and 145.8 billion SDR for services trade. In the capital and financial accounts, the direct investment surplus is 19.9 billion SDR. What are the characteristics of China's balance of payments in the first three quarters? According to Wang Chunying, spokesman of the State Administration of foreign exchange and chief economist, the preliminary data of China's balance of payments shows four characteristics: first, the current account shows a surplus, in which the goods trade surplus increases and the services trade deficit decreases. In the first three quarters of 2019, the current account surplus was $1432 billion, compared with a deficit of $5.5 billion in the same period last year. Among them, the surplus of goods trade in the balance of payments is US $343.5 billion, up 34% year on year; the deficit of service trade is US $2017 billion, down 12% year on year. Under service trade, the deficit of travel, transportation and intellectual property use fees decreased by 8%, 15% and 10% respectively year on year. The second is to maintain a high scale of direct investment in China. In the first three quarters of 2019, the net inflow of direct investment reached US $27.7 billion. Among them, the net outflow of foreign direct investment was 69.3 billion US dollars, and the net inflow of foreign direct investment to China was 97 billion US dollars, still maintaining a relatively high scale. The third is that securities investment shows surplus and two-way capital flow is active. According to preliminary statistics, in the first three quarters of 2019, China's securities investment surplus is about 40 billion US dollars. Among them, China has invested more than 60 billion US dollars in foreign securities and more than 100 billion US dollars in securities. The fourth is that the reserve assets are basically stable. In the first three quarters of 2019, reserve assets decreased by $13 billion due to balance of payments transactions. Considering the influence of non transaction factors such as exchange rate and price, by the end of September 2019, the balance of China's reserve assets was $3204.5 billion, an increase of $36.5 billion compared with the end of 2018. On the whole, under the background of the long-term improvement of China's economic fundamentals and the continuous promotion of all-round opening up, it is expected that the balance of payments will continue to present a pattern of overall stability and basic balance throughout the year Wang Chunying said.