切实维护国际收支基本平衡 持续深化外汇市场建设

Core Insights - The overall international balance of payments in China has remained stable, with a reasonable current account surplus and active cross-border investment and financing [1][2][3] Group 1: International Balance of Payments - The maintenance of a balanced international payment is crucial for macroeconomic stability, especially in the context of complex external environments [2] - Since the beginning of the 14th Five-Year Plan, China's international balance of payments has remained fundamentally balanced, with foreign financial assets and liabilities steadily increasing [2][4] - As of now, China's foreign exchange reserves are maintained at over $3.2 trillion [2] Group 2: Cross-Border Trade and Investment - Cross-border trade has shown strong resilience, with the current account surplus remaining within a reasonable range [3] - From 2021 to 2024, the average annual scale of goods trade imports and exports is close to $6 trillion, representing a nearly 43% increase compared to the previous five years [3] - Foreign direct investment in China has netted over $740 billion from 2021 to mid-2025, while domestic entities' outbound investments have also increased [4] Group 3: Foreign Exchange Market Development - The resilience of the foreign exchange market has improved, enhancing the ability to withstand external shocks [5] - The proportion of enterprises using foreign exchange hedging has increased from 17% in 2020 to around 30% [5] - The trading volume of China's foreign exchange market reached $41 trillion in 2024, a 37.4% increase from 2020 [6][7] Group 4: Statistical Improvements - The transparency of international balance of payments statistics has been steadily improved, with expanded data dimensions and historical data availability [8][9] - A new statistical framework has been established to enhance the quality and comprehensiveness of data collection and reporting [9][10] - China has actively participated in the formulation of global statistical rules, contributing to international financial governance [10]