Documente Academic
Documente Profesional
Documente Cultură
by Eduardo Petazze
Links to the main statistics of mainland China to the 1st. quarter of 2014
SAFE
Balance of payments in the first quarter 2014 Preliminay (Chinese)
China's growth in current, capital accounts diverge
In dollar terms, the first quarter of 2014, China's current account surplus of $ 7.2 billion, of which $ 40.4
billion trade surplus in goods, services trade deficit of $ 32.8 billion, revenue surplus of $ 3.5 billion, and $ 3.8
billion deficit in current transfers
BoP 1Q2014 (preliminary 100 million)
Yuan
USD
Current account balance
442
72
Goods and services balance
462
76
Goods balance
2,471
404
credit
30,216
4,939
debit
27,744
4,535
Services balance
-2,009
-328
credit
3,262
533
debit
5,271
862
Income balance
211
35
Current transfers balance
-232
-38
Capital & financial account balance
7,235
1,183
Memo: direct investment balance
3,130
512
Reserve assets
-7,677
-1,255
Monetary gold balance
0
0
SDRs balance
-5
-1
Reserve position in the Fund balance
26
4
Foreign exchange balance
-7,698 -1,258
Other claims balance
0
0
Net errors & omissions
0
0
China International Financial Report 2013 (pdf, 58 pages, Chinese)
In 2013 the China's Current account surplus was 1,133.0 billion yuan, of which
Goods trade surplus was 2,226.2 billion yuan,
Services trade deficit of 771 billion yuan,
Income deficit of 268.2 billion yuan, and
Current transfers deficit was 54 billion yuan
In U.S. dollar-denominated, the 2013 China's current account surplus was US$ 182.8 billion, of which
Goods trade surplus was $ 359.9 billion,
Services trade deficit of $ 124.5 billion,
Income deficit of $ 43.8 billion, and
Current transfers deficit was $ 8.7 billion
Balance of Payments
100 million of US dollars
2012 (revised)
2013
Balance Credit Debit Balance Credit
2013 change
Debit Balance Credit
Debit
Current account
8.0%
10.2%
7.9%
7.9%
7.6%
-3.3%
3.4%
-5.6%
-12.3%
21.2%
68.4%
6.2%
-10.0%
21.3%
2.1%
0.0%
20.1%
20.0%
11.1%
4.1%
11.8%
3.9%
22.2%
3.4%
8.6%
7.1%
17.5%
9.8%
26.1%
0.0%
8.3%
7.3%
94.7%
57.9%
18.6%
18.0%
10.7%
33.3%
5.1%
20.0%
22.7%
-5.6%
23.0%
29.8%
5.0%
31.7%
27.7%
1.2%
31
45
14 -27.9%
3,232 17,226 13,995
1,850 3,478 1,629
4.9%
-732
364 1,096 12.6%
2,582 3,114
532
7.0%
605 1,041
436 26.6%
-54
258
311 -15.6%
659
784
125 21.6%
776 12,707 11,930
-1,365 1,439 2,804 -41.1%
2,142 11,268 9,126
0.0%
27.8%
17.7%
55.6%
14.4%
25.6%
8.9%
32.2%
31.1%
14.1%
33.7%
366.7%
1.2%
36.4%
24.1%
71.1%
23.9%
3.3%
145.1%
-2.9%
-21.6%
4.8%
Capital account
Financial account
direct investment
abroad
in China
portfolio investment
assets
liabilities
other investment
assets
liabilities
Reserve assets
monetary gold
SDRs
reserve position in the Fund
foreign exchange
other claims
43
45
3
-360 13,475 13,835
1,763 2,956 1,194
-650
234
883
2,412 2,723
311
478
829
352
-64
237
301
542
593
51
-2,601 9,689 12,290
-2,317 1,261 3,578
-284 8,428 8,712
-966
136
1,101 -4,314
13
0
5
16
-987
0
0
7
16
112
0
0
2
0
1,099
0
0
2
11
-4,327
0
0
2
11
0
0
0
0 -60.0% -71.4% -100.0%
0 -31.3% -31.3%
4,327 338.4% -100.0% 293.7%
0
-871
871
-776
776 -10.9%
-10.9%
March 2014
Trade
Expots
Imports
332,514.9 170,110.2 162,404.7
28,430.8 27,291.3
1,139.5
5,282.9
3,829.0
1,453.9
27,155.5 13,565.0 13,590.5
23,758.7
8,183.4 15,575.2
15,439.7
3,364.7 12,075.1
37,615.5 20,773.8 16,841.7
5,573.9
3,196.7
2,377.3
7,901.8
3,411.8
4,490.0
3,275.8
1,804.5
1,471.3
5,699.4
3,230.5
2,468.9
5,840.9
2,535.1
3,305.9
6,830.5
5,230.0
1,600.5
46,451.8 25,826.7 20,625.1
5,656.4
3,590.1
2,066.3
13,642.3
5,088.4
8,553.9
4,383.6
2,096.4
2,287.2
3,700.1
2,083.1
1,616.9
5,601.0
4,712.5
888.5
7,230.5
3,492.3
3,738.2
4,859.2
992.2
3,867.0
6,170.2
2,447.3
3,722.9
3,981.8
2,013.6
1,968.2
40,969.7 27,093.8 13,875.9
11,841.4
2,896.9
8,944.5
1,483.9
298.5
1,185.5
Balance
7,705.5
26,151.8
2,375.2
-25.6
-7,391.8
-8,710.4
3,932.1
819.4
-1,078.2
333.2
761.7
-770.8
3,629.4
5,201.6
1,523.8
-3,465.5
-190.8
466.2
3,824.0
-245.9
-2,874.8
-1,275.6
45.4
13,217.9
-6,047.6
-887.0
1Q2014
Trade
Expots
Imports
965,875.6 491,305.5 474,570.2
75,351.2 72,559.8
2,791.4
15,907.4 10,911.9
4,995.5
74,685.6 37,276.3 37,409.2
67,633.3 23,282.6 44,350.7
42,136.2
8,974.5 33,161.7
105,219.8 56,226.9 48,992.9
16,780.4
8,666.1
8,114.3
22,676.2
9,579.0 13,097.2
9,158.6
4,950.8
4,207.8
17,346.3
9,679.8
7,666.5
16,644.7
7,239.8
9,404.9
16,447.5 12,257.3
4,190.2
136,688.5 80,525.1 56,163.4
17,059.5 11,495.2
5,564.3
38,946.0 15,986.3 22,959.6
12,785.9
6,508.1
6,277.8
10,780.8
6,312.7
4,468.1
16,824.6 14,287.6
2,537.0
21,685.0 10,791.1 10,893.9
14,514.2
3,246.8 11,267.4
18,176.6
8,030.1 10,146.5
12,412.1
6,249.3
6,162.8
122,620.8 80,655.2 41,965.6
34,913.4
8,308.9 26,604.5
4,247.7
951.0
3,296.7
Official press
China to maintain policy continuity, stability
Infrastructure projects set to boost growth
China rules out strong economic stimulus
China confident to keep economy in proper range: premier
Other:
Chinese iron ore prices slump 7% in two weeks
China's Iron Ore Inventory Rises to Record on Output, Financing
China could turn net copper exporter in 1-2 years -Minmetals
China end-March crude oil stocks down 2.9 pct on month
China's rare earth firm Q1 profit slumps 70 pct
Rare Earth Exchange Begins Trading Following WTO Ruling
1Q2014, Y/Y
Balance Trade Expots Imports
16,735.3
-1.0
-3.4
1.6
69,768.4 -31.4
-31.3
-34.8
5,916.4
4.5
1.4
12.2
-132.9
5.4
6.9
4.0
-21,068.1
6.7
6.8
6.7
-24,187.1 -18.2
-7.8
-20.6
7,234.1
4.9
6.8
2.9
551.8
4.1
5.2
3.1
-3,518.2
-8.4
-8.8
-8.0
742.9
14.6
22.5
6.6
2,013.2
-1.9
-6.9
5.2
-2,165.1
-0.7
-2.0
0.4
8,067.1
23.6
30.0
8.1
24,361.7
9.4
5.5
15.5
5,930.8
17.4
11.2
32.7
-6,973.3
10.3
8.5
11.6
230.3
12.6
9.2
16.3
1,844.5
8.2
5.0
13.2
11,750.7
2.7
-0.5
24.9
-102.8
4.7
4.3
5.0
-8,020.6 -27.7
-16.0
-30.5
-2,116.4
9.8
7.4
11.8
86.5
-2.0
-0.1
-3.9
38,689.6
3.7
1.4
8.6
-18,295.5
16.3
2.7
21.4
-2,345.7
53.2
13.2
70.6