Current account of China has declined from 35 percent in 2009 to 284.1 billion, preliminary data from the Administration of Foreign Exchange (SAFE) and the extension of Kennedy Bridge on Friday.
According to SAFE, China has trade surplus of $ 249.3 million and an annual deficit of 28.7 billion U.S. dollars of trade in services.
In 2009, the country will see a surplus of income and current transfers to $ 28.7 billion and 34.8 billion respectively.
The current account covers all transactions that are not financial assets and capital. The main classifications of goods and services, income and current transfers.
The foreign exchange regulator also said China's financial capital and surplus stood at 109.1 billion U.S. dollars in 2009, with net FDI of 36.5 billion U.S. dollars. These figures include errors and omissions.
SAFE said it will use the balance of payments report for the year 2009 issue in April this year.
It was the first time since 2001 that China has dropped in annual payments.
China has world's largest reserves of foreign exchange, 2.4 billion U.S. dollars by the end of 2009, an increase of 453.1 billion U.S. dollars for the previous year was, according to SAFE.
