China's first quarterly net inflow of cross-border capital- bearings center

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China's first quarterly net inflow of cross-border capital

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China's State Administration of foreign exchange (State Administration of foreign exchange) said on Friday that China's balance of payments remained basically balanced in the first quarter, and the first quarter of its cross-border capital continued its net inflow since the two quarter of last year, and it is expected to remain in a reasonable range for the full year account balance.
The Bureau of foreign affairs website press release points out that the current account presents a deficit, the non reserve financial accounts show a surplus and the reserve assets increase. In general, the basis for the overall balance of balance of payments in the future is still solid.
"China's current account deficit, mainly affected by seasonal factors and the growth of imports of goods," said the foreign investment in China, said that foreign direct investment in China has increased rapidly, and foreign investors continue to be optimistic about the future of China's economic development.
The first quarter international balance of payments statement released by the Foreign Policy Bureau showed that China's current account deficit was $28 billion 200 million in the quarter, of which the balance of payments trade surplus was $53 billion 400 million, down 35% from the same period.
The export and import of goods in the first quarter were seen respectively. The export volume of goods was 529 billion 600 million US dollars, an increase of 11% over the same period, and the import of goods was US $476 billion 200 million, an increase of 21% over the same period last year. The import growth is faster than the export growth to promote the balance of China's goods trade, and the balance of goods trade in the first quarter is generally low in the first quarter, which is expected to remain in a reasonable range.
The Bureau's data showed that the first quarter capital and financial account surplus was $28 billion 200 million, of which the capital account deficit was $100 million, the non reserve financial account surplus was 54 billion 500 million dollars, and the reserve assets increased by $26 billion 200 million.

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