China News Service, August 7th. On the 7th, the State Administration of Foreign Exchange announced on its official website the preliminary figures of my country's balance of payments for the second quarter and the first half of 2020. Data show that in the second quarter of 2020, my country's current account surplus was 847 billion yuan; in the first half of 2020, my country's current account surplus was 611.9 billion yuan.
Data map: Bank staff count currency. Photo by China News Agency reporter Zhang Yun
In the second quarter of 2020, my country’s current account surplus was 847 billion yuan, of which the goods trade surplus was 1142.6 billion yuan, the service trade deficit was 208.4 billion yuan, the primary income deficit was 93.9 billion yuan, and the secondary income surplus was 6.7 billion yuan. In the capital and financial accounts, direct investment had a surplus of 16.9 billion yuan, and reserve assets increased by 135.6 billion yuan.
In the first half of 2020, my country’s current account surplus was 611.9 billion yuan, of which the goods trade surplus was 1303.8 billion yuan, the service trade deficit was 536.7 billion yuan, the primary income deficit was 173 billion yuan, and the secondary income surplus was 17.8 billion yuan. In the capital and financial accounts, the direct investment surplus was 130.7 billion yuan, and the reserve assets decreased by 39.3 billion yuan.
In dollar terms, in the second quarter of 2020, my country’s current account surplus was 119.6 billion US dollars, of which, the goods trade surplus was 161.3 billion US dollars, the service trade deficit was 29.4 billion US dollars, the primary income deficit was 13.3 billion US dollars, and the secondary income surplus was 900 million US dollars. In the capital and financial accounts, direct investment had a surplus of US$2.4 billion, and reserve assets increased by US$19.1 billion.
In dollar terms, in the first half of 2020, my country's current account surplus was 85.9 billion US dollars, of which, the goods trade surplus was 184.4 billion US dollars, the service trade deficit was 76.5 billion US dollars, the primary income deficit was 24.6 billion US dollars, and the secondary income surplus was 2.5 billion US dollars. In the capital and financial accounts, there was a surplus of US$18.7 billion in direct investment and a decrease of US$5.9 billion in reserve assets.
In terms of SDR, in the second quarter of 2020, my country’s current account surplus was 87.3 billion SDR, of which, the goods trade surplus was 117.8 billion SDR, the service trade deficit was 21.5 billion SDR, the primary income deficit was 9.7 billion SDR, and the secondary income surplus was 700 million SDR. In the capital and financial accounts, the direct investment surplus was 1.7 billion SDR, and the reserve assets increased by 14 billion SDR.
In terms of SDR, in the first half of 2020, my country's current account surplus was 62.3 billion SDR, of which, the goods trade surplus was 135 billion SDR and the service trade deficit was 56.4 billion SDR. In the capital and financial accounts, direct investment surplus of 13.8 billion SDR, and reserve assets decreased by 4.6 billion SDR