China's State Administration of Foreign Exchange announced on the 5th China International Balance of Payments in 2009 preliminary data, when China's capital and financial account surplus of 109.1 billion U.S. dollars, is nearly 10 times in 2008. SAFE relevant person in charge explained that the substantial increase in net capital inflow is determined by the central bank and commercial banks foreign assets of the return and many other factors have contributed to.
Today's data show that in 2009, China's international balance of payments surplus in the maintenance of pairs, the current account surplus of 284.1 billion U.S. dollars, down 35% over the previous year. Capital and financial account surplus of 109.1 billion U.S. dollars. Among them, direct investment, net inflow of 36.5 billion. Last year, China's international reserve assets of 393.2 billion U.S. dollars of change. Changes in trading foreign currency reserve assets of which 382.1 billion U.S. dollars.
SAFE official said, despite the current account and capital account surplus is still double, but the international balance of payments tended to improve. The added value of foreign reserve assets decreased 18% over the previous year, the current account surplus of 284.1 billion U.S. dollars, which means the exchange rate closer to a reasonable level.
Notably, last year's capital account net inflow of 109.1 billion U.S. dollars, while in 2008 this figure is only 19 billion U.S. dollars, nearly 10 times the difference between the two.
The official explained that last year's reduction in the foreign assets of domestic commercial banks and securities investment, repatriation of foreign exchange earnings, while in 2008 the net transfer out of commercial banks, foreign exchange, a positive and negative, the difference almost 100 billion, the central bank foreign exchange and other outside back return of assets, resulting in a significant difference between the net inflow of data.
He also said the central bank to lower the deposit reserve ratio last year, and after the return of the deposit banks to deposit foreign exchange reserves, compared with domestic enterprises to raise overseas capital in 2008 by a more than doubled, QFII is also under a lot of capital inflows, but also the capital substantial increase in net inflow of important reasons.
