Frequent account surplus 88.9 billion US dollars, foreign debt balance of 2.71 trillion US dollars, foreign exchange bureau: In the first quarter, international revenue and expenditure remained basically balanced, and foreign debt risk was generally controllable

On June 24, the State Administration of Foreign Exchange announced in the first quarter of 2022 my country's international revenue and expenditure balance table and full -caliber foreign debt data at the end of March.

Data show that in the first quarter of 2022, my country's frequent account surplus was 564.4 billion yuan, and the capital and financial account deficit was 566.2 billion yuan. As of the end of March 2022, my country's full -caliber (including domestic foreign currency) foreign debt balance was 17204.9 billion yuan (equivalent of 2710.2 billion US dollars, excluding foreign liabilities of Hong Kong Special Administrative Region, Macau Special Administrative Region in China, and Taiwan, China.

Wang Chunying, deputy director and spokesman of the State Administration of Foreign Exchange, said that in the first quarter of 2022, my country's international revenue and expenditure remained basically balanced. Among them, the frequent account surplus is 88.9 billion U.S. dollars, which is the highest value in the same period. The ratio of GDP (GDP) in the season is 2.1%, which is still in a reasonable balanced interval.

Evaluating the current situation of foreign debt in my country, Wang Chunying believes: "In the first quarter of 2022, my country's foreign debt scale decreased slightly, mainly due to the complex and changing external environment. Overseas investors purchased domestic RMB bonds and non -resident deposits. The indicators continue to be within the internationally recognized security line, and the risk of foreign debt is generally controllable. "

In the first quarter, a frequent account surplus 88.9 billion US dollars

According to the US dollar value, in the first quarter of 2022, my country's frequent account surplus was 88.9 billion US dollars, of which the trade surplus of goods was US $ 145 billion, the service trade deficit was 16.7 billion US dollars, the initial revenue deficit was 44.6 billion US dollars, and the secondary revenue surplus was 5.2 billion US dollars.

The capital and financial account deficit is US $ 89.2 billion, of which, the capital account deficit is US $ 200 million, the direct investment surplus is 59.9 billion U.S. dollars, the securities investment deficit is US $ 79.8 billion, the financial derivative tool deficit is 4.6 billion U.S. dollars, the other investment deficit is 25.2 billion US dollars. $ 39.3 billion.

In this regard, Wang Chunying said that in the first quarter of 2022, my country's international revenue and expenditure remained basically balanced. Among them, the frequent account surplus is 88.9 billion U.S. dollars, which is the highest value in the same period. The ratio of GDP (GDP) in the season is 2.1%, which is still in a reasonable balanced interval. In terms of expression, one is that the import and export of cargo trade has maintained a steady growth, the other is that the service trade deficit continues to narrow, and the third is that cross -border two -way investment financing is more active.

"Overall, my country's high -efficiency and overall epidemic prevention and control and economic and social development have not changed the fundamental fundamentals for a long time, which is conducive to the continued balance of international revenue and expenditure." Wang Chunying said.

Wen Bin, chief economist of China Minsheng Bank, said that in the first quarter, my country's international revenue and expenditure was still in a reasonable balance, and the current accounts were always strong, and the fundamentals of goods and service trade were good. Although the non -reserved financial account deficit has expanded slightly, it is mainly due to the changes in the flow of bond investment under the spread of bonds in China and the United States, and there is no negative factor in large economic fundamentals. Two are offset, and foreign exchange reserves have also increased reasonably.

Wen Bin further pointed out that the good performance of international income and expenditure in the first quarter was also a strong fundamental support for the RMB exchange rate performance in the same period. However, the RMB exchange rate in the second quarter fell sharply. It is expected that the deficit pressure in international revenue and expenditure in the second quarter should increase. However, from high -frequency data judgment, frequent projects and direct investment still have good fundamentals. The pressure of the depreciation of the renminbi is mainly due to the impact of the epidemic situation on expectations, and the spread of the spread of China and the United States, which affects the transmission of securities investment items. Looking forward to the future, the international income and expenditure in the second quarter should not deteriorate significantly, and the RMB exchange rate is still mainly based on two -way fluctuations.

Foreign debt risk is generally controllable

As of the end of March 2022, my country's full -caliber (including domestic foreign currency) foreign debt balance was 17204.9 billion yuan (equivalent of 2710.2 billion US dollars, excluding foreign liabilities of Hong Kong Special Administrative Region, Macau Special Administrative Region in China, and Taiwan, China.

From the perspective of the term structure, the balance of the medium and long -term foreign debt was 8134 billion yuan (equivalent of 1281.3 billion US dollars), accounting for 47%; the short -term foreign debt balance was 9070.9 billion yuan (equivalent of 1428.9 billion US dollars), accounting for 53%. Among the short -term foreign debt balances, trade -related credit accounts for 38%.

Wang Chunying said: "In the first quarter of 2022, my country's foreign debt was relatively stable and slightly decreased. As of the end of March 2022, the balance of foreign debt in my country (including foreign currency) was 2710.2 billion US dollars, a decrease of 36.4 billion US dollars from the end of 2021, a decrease of 1% ","

From the perspective of the currency structure, the balance of the local currency foreign debt was RMB 767.8 billion (equivalent to 1209.6 billion US dollars), accounting for 45%; the balance of foreign currency foreign debt (including SDR distribution) was 9526.1 billion yuan (equivalent to 150.6 billion US dollars), accounting for 55% Essence Among the foreign currency registered foreign debt balances, US dollar debt accounts for 86%, euro debt accounts for 7%, Hong Kong dollars debt accounts for 3%, the yen debt accounts for 1%, and the total binding of special withdrawal and other foreign currencies accounts for 3%.

Wang Chunying's evaluation pointed out: "The structure of foreign debt has remained stable. From the perspective of the structure of foreign debt currency, as of the end of March 2022, the local currency foreign debt accounted for 45%; from the perspective of foreign debt term structure, medium and long -term foreign debt accounted for 47%. The proportion is equal to the end of 2021. "

Talking about how to look at the current situation of foreign debt, Wang Chunying believes: "The current risk of foreign debt in my country is generally controllable. In the first quarter of 2022, the scale of my country's foreign debt decreased slightly, mainly due to the complex and changing external environment. Non -residential deposits have decreased. The main indicators of foreign debt in my country will continue to be within the internationally recognized security line, and the risk of foreign debt is generally controllable. "Looking forward to the future, Wang Chunying said that it is expected that the scale of foreign debt will continue to stabilize in the future.Although the uncertain factors in the external environment still exist, the fundamentals of strong economic toughness, sufficient potential, and long -term good fundamentals in China have not changed, and high levels of high levels are continuously advanced.The scale of foreign debt is expected to continue in the future.The Foreign Exchange Bureau will continue to adhere to the overall development and security, continue to improve the level of cross -border investment and financing facilitation, and effectively support the high -quality development of the real economy.

Daily Economic News

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