According to the preliminary data of the balance of payments released by the State Administration of Foreign Exchange on the 4th, China's balance of payments will remain basically balanced in the first three quarters of 2022. Among them, the current account surplus was US $310.4 billion, the highest in the same period in history, with a year-on-year growth of 56%. The ratio of the surplus scale to the gross domestic product (GDP) in the same period was 2.4%, which continued to be in a reasonable and balanced range. Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesman, said that in the first three quarters, the trade surplus in goods hit a record high in the same period, the trade deficit in services narrowed year on year, and the direct investment remained in surplus on the whole. Specifically, in the first three quarters of 2022, the trade surplus in goods on the basis of international balance of payments was US $521.6 billion, up 37% year on year; The service trade deficit was US $65.6 billion, down 23% year on year; The net inflow of direct investment was US $46.9 billion. "On the whole, China's economy has strong resilience, sufficient potential and wide room for manoeuvre. The fundamentals of long-term improvement will not change. The trend of economic stability and improvement will be further consolidated, providing fundamental support for China's balance of payments." Wang Chunying said. (Liu Xinshe)
Edit：Yi Bing Responsible editor：Wei Li Bin
Source：XinhuaNet
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