In the fourth quarter of 2023, China's current account registered a surplus of RMB405.5billion, and the capital and financial accounts recorded adeficitof RMB335.5billion.The financial account (excluding reserve assets) recorded a deficit of RMB244.6billion, and reserve assetsincreasedby RMB90.4billion.

In 2023, China's current account registered a surplus of RMB1782.6billion, and the capital and financial accounts recorded adeficitof RMB1518.1billion.The financial account (excluding reserve assets) recorded a deficit of RMB1490.7billion, and reserve assetsincreasedby RMB25.3billion.

In the US dollar terms, in the fourth quarter,  China's current account recorded a surplus of USD56.2billion, including a surplus of  USD151.1billion under trade in goods, a deficit of USD56.7billion under trade in services, a deficit of USD42.6billion under primary income and a surplus of USD4.4billion under secondary income. The capital and financial accounts registered adeficitof  USD46.6billion, including a deficit of USD81.5million under the capital account, and a deficit of USD34.0billion under the financial account (excluding reserve assets), and reserves assetsincreasedby USD12.5billion.

In the US dollar terms, in 2023, China's current account recorded a surplus of USD253.0billion, including a surplus of USD593.9billion under trade in goods, a deficit of USD207.8billion under trade in services, a deficit of USD148.2billion under primary income and asurplusof USD15.2billion under secondary income. The capital and financial accounts recorded adeficitof USD215.1billion, including a deficit of USD297.9million under the capital account, a deficit of USD209.9billion under the financial account (excluding reserve assets), and reserves assetsincreasedby USD4.8billion.

In SDR terms, in the fourth quarter, China posted a surplus of SDR42.4billion under the current account, and adeficitof SDR35.2billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a deficit of SDR 25.6 billion, and reserves assetsincreasedby SDR 9.5 billion.

In SDR terms, in 2023, China posted a surplus of SDR189.3billion under the current account, and adeficitof SDR161.1billion under the capital and financial accounts. The financial account (excluding reserve assets) registered a deficit of SDR156.9billion, and reserves assetsincreasedby SDR 4.0billion.

The SAFE has revised the BOP data for each quartersince2022 according to the latest data, which can be found in the section of "Data and Statistics"at the official website of the SAFE.

In addition, in order to facilitate understanding of the data of Balance of Paymentsand International Investment Positionamong alldata users, the BOP Analysis Team of the SAFE releasedChina’s Balance of Payments Report 2023. (End)

Notes:

1. The statement is compiled according to BPM6. Reserve assets are included in capital and financial accounts.

2. "Credit" is presented as positive value while "debit" as negative value, and the difference is the sum of the "Credit" and the "Debit". All items herein refer to difference, unless marked with "Credit" or "Debit".

3. The RMB denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the period average central parity rate of RMB against USD. The quarterly accumulated RMB denominated BOP data is derived from the sum total of the RMB denominated data for the quarters.

4. The SDR denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the period average exchange rate of SDR against USD. The quarterly accumulated SDR denominated BOP data is derived from the sum total of the SDR denominated data for the quarters.

5. In the fourth quarter of 2023, the equity other than reinvestment of earnings under direct investment liabilities (credit) was USD 36.6 billion (RMB 261.0 billion).

6. This statement employs rounded-off numbers.

7. For detailed data, please see the section of“Data and Statistics”at the website of the SAFE.

8. The BOP data is revised regularly; please find the latest data in “Data and Statistics”.

Abridged Balance of Payments, 2023

Notes:

1. The statement is compiled according to BPM6. Reserve assets are included in capital and financial accounts.

2. "Credit" is presented as positive value while "debit" as negative value, and the difference is the sum of the "Credit" and the "Debit". All items herein refer to difference, unless marked with "Credit" or"Debit".

3. The RMB denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the period average central parity rate of RMB against USD. The quarterly accumulated RMB denominated BOP data is derived from the sum total of the RMB denominated data for the quarters.

4. The SDR denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the period average exchange rate of SDR against USD. The quarterly accumulated SDR denominated BOP data is derived from the sum total of the SDR denominated data for the quarters.

5.In 2023, the equity other than reinvestment of earnings under direct investment liabilities (credit) was USD 120.0 billion ( RMB 846.8 billion).

6. This statement employs rounded-off numbers.

7. For detailed data, please see the section of“Data and Statistics”at the website of the SAFE.

8. The BOP data is revised regularly; please find the latest data in “Data and Statistics”.