Lates News

Foreign Exchange Bureau: International balance of payments remains in autonomous equilibrium. In recent years, the operation of our country's current account has been stable and overall in a reasonable balance range. Preliminary statistics show that in the first half of this year, the international balance-of-payments-caliber trade in goods increased by 2.4% year-on-year; service trade revenue increased by 13%, with cross-border travel income increasing by 42% due to the increasing popularity of foreign tourists visiting China, service trade expenditure increased by 2.0%, and the deficit decreased by 14%; investment returns performed well. In recent years, the deficit in the capital and financial account has expanded, mainly due to the increase in domestic entities' investments abroad, and the expansion of the deficit in the capital and financial account should not be simply understood as an increase in the pressure of capital outflow.