Safe: The Current Account Surplus Is Within A Reasonable Level.

According to the website of the State Administration of foreign exchange, the State Administration of Foreign Exchange released the China balance of payments report in the first half of 2015.

The report shows that China's current account has maintained a large surplus, but it is still within the internationally recognized reasonable level. Cross-border capital flows continue to net outflow, but the second quarter tends to basically balance.

The report pointed out that in the first half of 2015, the economic and financial environment at home and abroad remained complex, the main economies' economic operation was different, monetary policy continued to split up, and the volatility of international capital flows increased.

The domestic economy is running slowly and steadily, generally in a reasonable range, and the RMB exchange rate remains basically stable.

The deficit in capital and financial accounts in the first half of the year mainly reflects the optimization and adjustment of the structure of assets and liabilities in the main domestic and foreign currencies.

On the one hand, the increase in overseas assets of domestic institutions and individuals reflects the positive effect of "relocating people to the people"; on the other hand, the domestic entities further reduce their liabilities abroad and gradually reduce the risk of highly leveraged operations.

In the first half of 2015, China's foreign exchange reserve assets decreased by US $66 billion 600 million, of which the US dollar decreased by US $79 billion 500 million in the first quarter and increased by US $13 billion in the second quarter.

The report also points out that China's current account continues to have a large surplus, but it is still within a reasonable level of international recognition.

In the first half of 2015, the surplus amounted to US $148 billion 600 million, an increase of 85% over the same period in 2014 and a ratio of GDP to 3.1%, an increase of 1.3 percentage points over the same period last year.

Mainly because of the goods.

256 billion 600 million US dollars, a 73% increase over the same period last year.

In addition, the trade deficit of services amounted to US $94 billion 500 million, a further 53% expansion over the same period last year.

Cross border capital continues to net outflow, but the second quarter tends to be basically balanced.

In the first half of the year, the deficit of capital and financial account (excluding reserve assets, the same below) was 125 billion 600 million US dollars, the first and second quarters.

They were 98 billion 100 million and 27 billion 500 million dollars respectively.

In addition, the report said that in the second half of 2015, it is expected that our country

We will continue to increase the balance of payments balance in the pattern of "current account surplus, capital and financial account deficit".

Foreign exchange management departments will adhere to overall consideration, reform and innovation, continue to vigorously decentralization, deepen the reform of key areas of foreign exchange management, improve cross-border capital flow monitoring, analysis and early warning, crack down on illegal activities in the foreign exchange field, and strengthen risk prevention.