China News Service, May 8, according to the State Administration of Foreign Exchange website, the State Administration of Foreign Exchange announced on May 8 the preliminary number of China's balance of payments in the first quarter of 2020: in the first quarter of 2020, China's current account deficit was 207.6 billion yuan .
Among them, the goods trade surplus was 184.5 billion yuan, the service trade deficit was 328.1 billion yuan, the initial income deficit was 68.1 billion yuan, and the second income surplus was 4.1 billion yuan; the capital and financial accounts (including the net errors and omissions in the quarter) were 207.6 billion yuan, of which The direct investment surplus was 104.3 billion yuan, and reserve assets decreased by 175.4 billion yuan.
In dollar terms, in the first quarter of 2020, China ’s current account deficit was US $ 29.7 billion, of which the goods trade surplus was US $ 26.4 billion, the service trade deficit was US $ 47 billion, the initial income deficit was US $ 9.8 billion, and the secondary income surplus was US $ 600 million; capital And the financial account (including net errors and omissions in the quarter) had a surplus of 29.7 billion U.S. dollars, of which direct investment had a surplus of 14.9 billion U.S. dollars, and reserve assets decreased by 25.1 billion U.S. dollars.
In terms of SDR, in the first quarter of 2020, China ’s current account deficit was 21.2 billion SDRs, of which, goods trade surplus was 19.6 billion SDR, service trade deficit was 34.9 billion SDR, initial income deficit was 7.2 billion SDR, and secondary income surplus was 400 million SDR; capital And financial accounts (including net errors and omissions in the current quarter) had a surplus of 22.1 billion SDRs, of which direct investment had a surplus of 11.1 billion SDRs, and reserve assets decreased by 18.7 billion SDRs.