Net inflow of direct investment in China in the first half of the year was US$179.6 billion

Net inflow of direct investment in China in the first half of the year was US$179.6 billion

Foreign investors have full confidence in China's economy

　　Beijing, August 6th (Reporter Yao Jin) The preliminary data of the Balance of Payments released by the State Administration of Foreign Exchange today shows that in the first half of this year, my country's international balance of payments maintained a basic pattern of balance.

Among them, the current account surplus was 122.2 billion U.S. dollars, and the ratio of gross domestic product (GDP) was 1.5%, which continued to be in a reasonable range; direct investment showed a net inflow.

　　Specifically, first, the surplus in trade in goods increased year-on-year.

In the first half of the year, the surplus of goods trade in the balance of payments was USD 230.6 billion, a year-on-year increase of 35%.

Second, the service trade deficit narrowed year-on-year.

In the first half of the year, the service trade deficit was 43.8 billion U.S. dollars, a year-on-year decrease of 43%.

Travel, intellectual property royalties and transportation are the main deficit items.

Third, direct investment continued to have a relatively high surplus.

In the first half of the year, the net inflow of direct investment was US$123.7 billion, mainly due to the net inflow of direct investment in China of US$179.6 billion. In the first and second quarters, net inflows of US$97.6 billion and US$82 billion were maintained at a relatively high level. my country’s economy is full of confidence; my country’s net outflow of foreign direct investment is 55.9 billion US dollars, showing that enterprises’ foreign direct investment is stable and orderly.

　　Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said that at present, the basis for balanced development of China's domestic and external economies is stronger, laying a solid foundation for the stable operation and basic balance of my country's current account, and is conducive to the continuation of the basic balance of international payments.