中国国际收支平衡表分析中英对照.docx

Analysis of China’s BoP 1. The condition of China’s international balance of payments In 2015, there are some new changes in Chinas international balance of payments. It changes from double surplus to one surplus and one deficit which there is surplus in current account, and there is deficit in capital and financial account (excluding reserve assets) . 1.1 The surplus in current account increased to be nearly three hundred billion dollars. In 2015, the current account surplus is $ 293.2 billion, increased 33% over the last year. The current account surplus to GDP ratio was 2.7% , it was 2.1% in 2014. Goods trade surplus create a high record. In 2015, the balance of payments caliber goods trade surplus is $ 578.1 billion, increased 33% over the last year. Among them, the goods trade income is $ 2.145 trillion, decreased by 4%; expenditure is 1.5669 trillion US dollars, decreased by 13%. Trade in services continued to show a deficit. In 2015, services trade deficit is $ 209.4 billion, increase 39% over the last year. Trade in services income is $ 230.4 billion, decreased by 1%; expenditure is $ 439.7 billion, increased 15% over the last year. The travel service project is the largest one in trade deficit. In 2015, the deficit is $195 billion, increased 81% over the last year, because of strong needs of overseas study, tourism, shopping and other spending needs. Primary income deficit is enlarged. In 2015, primary income deficit is $59.2 billion, increased 74% over the last year. Income $ 230.1 billion, increased 8%; spending $ 289.3 billion, increased 17%. Mainly because of the large amount of direct investment in China, and the growth rate of the spending on investment is higher than the rate of China’s foreign direct investment income . Secondary income deficit is narrowed. In 2015, secondary income (formerly known as current transfers) deficit is $ 16.3 billion, compared with last year decreased 46%. Income is $ 37.9 billion, decreased 8%; spending