China'S Current Account Surplus Was $80 Billion 500 Million In The First Half Of This Year.

The State Administration of foreign exchange said on the 29 day that the current account receipts and payments in China continued to improve, and that China's current account surplus was 80 billion 500 million US dollars in the first half of 2014.

In the second half of the year, China's balance of payments may show a trend of two-way fluctuations, and the volatility of cross-border capital flows is still relatively large.

The international balance of payments released in the second quarter of 2014 and the first half of the year released by the foreign exchange bureau shows that in the first half of 2014, China's current account surplus was US $80 billion 500 million, of which the surplus of goods trade was US $149 billion 300 million, the trade deficit of services was 62 billion 500 million US dollars, and the yield of US $5 billion 500 million was US $5 billion 500 million.

China's balance of payments report released in the first half of 2014 issued by the foreign exchange bureau also pointed out that in the first half of 2014, China's current account receipts and payments situation continued to improve, with a surplus of US $80 billion 500 million, down 18% from the same period last year, and the ratio with GDP was 1.8%, down 0.7 percentage points from the same period last year.

Among them, the trade surplus between goods and services was 2% against GDP, down 0.6 percentage points from the same period last year.

It shows that in the first half of this year, the surplus of capital and financial items was 77 billion 800 million US dollars, of which, net investment in direct investment was US $93 billion, investment in securities was net inflow of US $36 billion 900 million, and net outflow of other investments was US $51 billion 700 million.

In the second quarter, the deficit of capital and financial items was US $16 billion 200 million.

The report pointed out that in the second quarter, with the changes in the domestic and international economic and financial situation and the great progress made in the reform of the RMB exchange rate marketization mechanism, the ability to balance the balance of payments was enhanced, and capital and financial items were pferred to deficit of 16 billion 200 million US dollars.

Among them, the capital flow in the form of non direct investment was pferred from the US $40 billion 200 million surplus to US $54 billion 900 million in the previous quarter, which is the main reason for the net outflow of capital and financial items in the second quarter.

It shows that in the first half of this year, the international reserve assets increased by US $147 billion 900 million, of which foreign exchange reserve assets increased by US $148 billion 600 million, and the SDRs and the reserve positions in the IMF decreased by US $700 million.

The report said that in the second half of 2014, China's balance of payments may show a two-way oscillation trend.

Among them, trade and investment related to the real economy will still maintain a certain scale surplus. However, influenced by market and policy factors, the volatility of cross border capital flows in China is still relatively large.

Next step,

The management department will accelerate the reform and innovation of foreign exchange management, adhere to decentralization and decentralization, pform functions, vigorously develop the foreign exchange market, manage well the foreign exchange reserves, consolidate the foundation of statistical monitoring, and stick to the bottom line of systematic and regional financial risks.