Xinhua News Agency, Beijing, April 27 (Reporter Liu Kaixiong) The State Administration of Foreign Exchange released preliminary data on the balance of payments for the first quarter of 2022 on the 27th.
Among them, the current account surplus, the trade surplus in goods, and the net inflow of direct investment in China all hit the highest values in the first quarter since the quarterly balance of payments statistics began in 1998.
Preliminary data show that in the first quarter, my country's current account surplus was US$89.5 billion, accounting for 2.1% of the gross domestic product (GDP) in the same period; the net inflow of direct investment was US$65 billion, mainly due to the net inflow of US$107 billion in direct investment in China; my country's trade surplus in goods in terms of the balance of payments is 145 billion US dollars.
Among them, the export of goods trade was 803.2 billion US dollars, a year-on-year increase of 16%.
Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesperson, said that under the global economic recovery, external demand is stable, my country's economy is resilient, and the policy of stabilizing growth continues to exert force, providing solid support for foreign trade growth.
The net inflow of direct investment in China in the first quarter hit a record high, "reflecting the strong willingness of foreign capital to invest and start business in China under the background of my country's long-term economic growth, adherence to high-level domestic opening-up and continuous optimization of the business environment."