China News Service, Beijing, March 26 (Reporter Xia Bin) The China State Administration of Foreign Exchange (hereinafter referred to as the "Foreign Exchange Administration") released the 2020 China Balance of Payments report on the 26th, stating that 2020 will be supported by the stable recovery of China's domestic economy , The international balance of payments maintains a basic balance.
China's current account surplus has increased, and continues to be in a reasonable equilibrium range; funds under non-reserve financial accounts have been in and out, and the overall deficit is.
The data released on the same day showed that in 2020, China’s current account surplus will be 1,870.9 billion yuan (RMB, the same below), and the capital and financial account will have a deficit of 726.6 billion yuan. Among them, the non-reserve financial account will have a deficit of 538.3 billion yuan, and reserve assets will increase by 187.8 billion yuan. yuan.
The report pointed out that the ratio of China's current account surplus to GDP in 2020 is 1.9%, an increase of 1.1 percentage points from 2019, which is still within a reasonable equilibrium range.
Among them, there was a small deficit in the first quarter, and it turned into a surplus after the second quarter and showed rapid growth.
At the same time, cross-border two-way investment and financing are active.
On the one hand, foreign investment in China (mainly including direct investment, securities investment, deposits and loans and other investments) is 520.6 billion US dollars, an increase of 81% over 2019.
On the other hand, China's foreign investment of various types was 598.3 billion US dollars, an increase of 1.1 times.
According to the report, in 2021, China's current account surplus is expected to remain in a reasonable range, and cross-border capital flows will continue to be in and out of the overall balance.
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