China's foreign exchange reserve assets are relatively stable, private enterprises become the largest foreign trade operating entities

China's foreign exchange reserve assets are relatively stable, private enterprises become the largest foreign trade operating entities

CCTV News: The State Administration of Foreign Exchange released the "2019 China's Balance of Payments Report" yesterday (27th). Data show that China's balance of payments will remain basically balanced in 2019.

China's Balance of Payments Report 2019 statistics: China's current account surplus increased from US $ 25.5 billion in 2018 to US $ 141.3 billion in 2019. The current account surplus to GDP ratio in 2019 is 1.0%. The data of private enterprises becoming China's largest foreign trade operating entity shows that in 2019, China's foreign trade dependence decreased by 1.9 percentage points from the previous year; the total value of imports and exports of private enterprises was about US $ 2.0 trillion, equivalent to 43% of total imports and exports.

Data show that in 2019, the net inflow of foreign direct investment in China was US $ 155.8 billion, and the net inflow of foreign securities investment into China was US $ 147.4 billion. In addition, experts said that the data in the "Report" also reflects that China's foreign exchange reserve assets have remained relatively stable, and China's foreign debt risk is generally controllable.