2021年10月26日

After three years, China’s balance of payments returns to a ‘positive’ trend in 2020

After maintaining “twin surpluses” in the current account, capital account and financial account for three years, China’s balance of payments will return to the pattern of current account surplus and capital and financial account deficit in 2020.


The State Administration of Foreign Exchange recently released the Balance of Payments Report for 2020 (hereinafter referred to as the “Report”), which shows that in 2020, China’s current account will continue to run a surplus of US $274 billion. The capital and financial accounts turned from positive to negative, with a deficit of $105.8 billion, including a deficit of $77.8 billion in the non-reserve financial account. In 2020, China’s international payments will continue a “new pattern of balance,” the report said.

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