SAFE: China's Surplus under the Current Account Totaled USD 72.9 Billion
The current account and the capital and financial account continued to post a "twin surplus" in the second quarter of 2010 with an increase of <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />China's international reserves assets. China's surplus under the current account totaled USD 72.9 billion, a decrease of 35% compared with that of the previous year. Specifically, according to the statistical coverage of the balance of payments, the surpluses in goods, services, income, and current transfers reached USD 59.5 billion, USD 4.5 billion, USD 8 billion and USD 9.9 respectively. The surplus under the capital and financial account totaled USD 25.8 billion, a decrease of 68% compared with that of the previous year. In particular, net inflows of direct investments, portfolio investments, and other investments amounted to USD 21.5 billion, USD 9.5 billion, and USD 12.4 billion respectively. China's international reserves assets from transactions increased by USD 82.1 billion, decreasing by 17% on comparable basis. Specifically, foreign exchange reserves assets registered a net increase of USD 81.1 billion (exclusive of the influence of the change in the value of non-transaction factors such as the exchange rates, prices, and so forth), whereas the reserve position in the IMF, increases of USD 0.9 billion. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
China's surplus under the current account totaled USD 126.5 billion, a decrease of 6 percent compared with that of the previous year. The surplus under the capital and financial account totaled USD 90 billion, an increase of 48% compared with that of the previous year. In addition, China's international reserves assets increased by USD 178 billion, an increase of 8% on comparable basis.
In order to facilitate an understanding of the data and analysis of China's balance of payments among all groups in the society, the BOP Analysis Team of the SAFE released China's Balance of Payments Report for the first half year of 2010.
