China News Service, Beijing, December 12 (Reporter Xia Bin) China's State Administration of Foreign Exchange announced China's balance of payments for the third quarter and first three quarters of 29 on the 29th. Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, told reporters that in the first three quarters, China's balance of payments remained basically balanced. The current account surplus continued to remain within a reasonable equilibrium range, and cross-border investment activities were carried out in an orderly manner. In particular, she mentioned that the net inflow of direct investment into China has been generally good recently.
Wang Chunying pointed out that in the first three quarters, China's current account surplus was 2090 billion US dollars, which was 1.6% of the gross domestic product (GDP) in the same period, which was in a reasonable equilibrium range. Among them, the surplus of trade in goods in the balance of payments was 4544.23364 billion US dollars, the second highest value in the same period in history; The scale of exports and imports of goods trade was US$18820,<>.<> billion and US$<>,<> billion respectively, both of which were relatively high levels in the same period in history. Trade in services has recovered steadily, and cross-border travel and related spending have increased in an orderly manner.
Wang Chunying said that in the first three quarters, the net inflow of direct investment in China under China's financial account was 155.387 billion US dollars, of which <>.<> billion US dollars were net inflows of equity direct investment in China, including capital and profit reinvestment. Recently, with the disappearance of seasonal factors in the distribution of direct investment profits and the slowdown in the net outflow of debt funds from affiliated enterprises, the net inflow of direct investment in China has generally improved. China's advantages in terms of super-large-scale market and complete industrial system continue to exist, and high-level institutional opening-up is progressing in an orderly manner, and it will continue to attract foreign investment inflows in the future.
In addition, in the first three quarters, the net outflow of portfolio investment narrowed by 62% year-on-year, of which non-residents' investment in Chinese bonds turned into a net inflow since September. With the gradual improvement of the internal and external economic and financial environment, the stability of China's cross-border capital flows will be further enhanced.
Wang Chunying said: On the whole, the favorable conditions facing China's development are stronger than the unfavorable factors, and the basic trend of economic rebound and long-term improvement has not changed, and China will continue to support the maintenance of a basic balance in the balance of payments. (ENDS)