The net inflow of direct investment in China in the first half of the year was US$179.6 billion
Beijing, August 10 (Reporter Qiu Haifeng) The preliminary data of the Balance of Payments recently released by the State Administration of Foreign Exchange showed that in the first half of 2021, the net inflow of direct investment in China was US$179.6 billion. Net inflows of US$97.6 billion and US$82 billion were maintained at a relatively high level.
According to Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, in the first half of the 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 its ratio to gross domestic product (GDP) was 1.5%, which continued to be within a reasonable range; direct investment showed a net inflow.
The trade surplus in goods increased year-on-year.
In the first half of 2021, the surplus of trade in goods under the balance of payments caliber was US$230.6 billion, a year-on-year increase of 35%.
Among them, the export of goods trade was US$1,453.6 billion, a year-on-year increase of 36%, reflecting the combined impact of domestic production capacity improvement and the recovery of external demand; imports were US$1.2229 billion, a year-on-year increase of 37%, mainly due to the recovery of domestic demand and the maintenance of international commodity prices High position.
The service trade deficit narrowed year-on-year.
In the first half of 2021, 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.
Among them, the travel deficit was US$44.4 billion, a year-on-year decrease of 28%, mainly because cross-border travel and study abroad were still suppressed by the spread of overseas epidemics; the deficit of intellectual property royalties was US$15.6 billion, an increase of 21% year-on-year, and both income and expenditures of intellectual property royalties were The increase reflects my country’s expansion of international cooperation in the field of intellectual property rights to achieve mutual benefit and win-win results; the transportation deficit was US$7.5 billion, down 61% year-on-year, mainly due to the faster growth of transportation service revenues than expenditures.
Direct investment continued to have a relatively high surplus.
In the first half of 2021, the net inflow of direct investment was 123.7 billion U.S. dollars; the net outflow of my country's foreign direct investment was 55.9 billion U.S. dollars, showing that enterprises' direct investment abroad was stable and orderly.
Wang Chunying said that at present, my country is accelerating the construction of a new development pattern in which the domestic and international dual cycles are the mainstay and the domestic and international double cycles are mutually promoted. The foundation for balanced development of the internal and external economies has become stronger, laying a solid foundation for the stable operation and basic balance of my country's current account. Conducive to the continuation of the basic balance pattern of international payments.