China's balance of payments surplus rose 25% last year

Commercial News (reporter Ching) last year, China's international balance of payments continued to show a surplus, international reserve assets continue to grow.　　State Administration of foreign exchange said yesterday that the current account surplus of 306.2 billion U.S. dollars in 2010 Rose 25%. Among them, capital and financial projects (including net error and omission) surplus of USD 165.6 billion, international reserve assets increased by 471.7 billion U.S. dollars, up 18% from the previous year. The data also showed that the current-account surplus was 102.2 billion U.S. dollars in the four quarter last year, up 13% per cent on comparable terms. The goods trade surplus of 82.9 billion U.S. dollars, the service trade deficit of 2.4 billion U.S. dollars, the earnings surplus of 9.5 billion U.S. dollars, often transfer surplus of 12.3 billion U.S. dollars. Capital and financial projects surplus 83.5 billion U.S. dollars, of which direct investment inflow of 43.3 billion U.S. dollars.　　Last year, the domestic reserve assets increased by 185.3 billion U.S. dollars (excluding exchange rate, price and other transaction value change effect), the increase of up to 49%. As for this year's balance of payments situation, Tao Tao, director of the International Payments Division, said that the balance of payments situation in 2011 is still a surplus pattern, but it will continue to be a major shock since the international financial crisis. Tao Tao explained that as more and more foreign capital is bullish on the Chinese market and that the structural trade surplus in the country will not be resolved in the short term and continue, it is likely to remain in surplus this year.