original title:
Foreign Exchange Bureau: my country’s current account surplus in the first three quarters has reached its highest value in the same historical period
Xinhua News Agency, Beijing, December 30 (Reporter Liu Kaixiong) According to data released by the State Administration of Foreign Exchange on the 30th, my country’s current account surplus in the first three quarters of this year was 310.7 billion US dollars, the highest value in the same historical period, the ratio is 2.4%.
Among them, the balance of payments surplus in trade in goods was $521.5 billion, a year-on-year increase of 37%. The surplus in trade in goods, exports and imports all reached the highest values highs in the same period of history; the deficit in trade in services was US$65.5 billion, and the size of the deficit narrowed 23% year-on-year.
Wang Chunying, deputy director and spokesman of the State Administration of Foreign Exchange, said that my country’s balance of payments will remain broadly in balance in the first three quarters of 2022.
“In the first three quarters, foreign direct investment in China was 161.9 billion US dollars, which is higher than the same period in 2019 and 2020, showing that my country has maintained a strong attraction for the foreign capital; my country’s foreign direct investment was 113.3 billion US dollars, and the pace of investment was stable and orderly,” Wang Chunying said.
On the same day, the foreign exchange office also announced the declaration of my country’s international investment position at the end of September 2022. The data shows that at the end of September, my country’s foreign assets amounted to 8.898 billion US dollars and its external liabilities were at $6.534 billion; net foreign assets were at $2.364 billion, an increase of 19% since the end of 2021. Among external liabilities, direct investment in China is relatively stable, accounting for more than 50%, with a scope of 3, 4 trillion dollars.
