China: Balance of Payments (USD, Quarterly) - Primary Income Balance

Macro

2026-01-01

Description

China's Primary Income Balance (Primary Income Balance) is published by China's State Administration of Foreign Exchange (SAFE) and is used to measure China's international balance of payments in terms of primary income, including cross-border income such as labor remuneration and investment income. and expenses. When the main income balance is positive, it indicates a net inflow, which usually means that China's investment income and labor remuneration from overseas are higher than its outward payments; when it is negative, it indicates a net outflow, which may reflect that China's investment income or labor remuneration paid out is more.

Published by
State AdministRation of Foreign Exchange of China (Choice)
Frequency
Quarterly
Next Update

AI Data Insight

China's primary income balance for the fourth quarter of 2025 recorded USD -24.882 billion, with the scale of net outflows significantly narrowing compared to the previous quarter and the same period last year. Benefiting from the off-season for foreign corporate dividend distributions and stable yields from overseas assets, the pressure on cross-border primary income has eased. Looking ahead, as Chinese enterprises deepen their overseas expansion, outbound investment returns are expected to continue offsetting part of the deficit, though attention must be paid to seasonal fluctuations during the mid-year peak dividend season.

AI Data Insight

China's primary income balance for the fourth quarter of 2025 recorded USD -24.882 billion, with the scale of net outflows significantly narrowing compared to the previous quarter and the same period last year. Benefiting from the off-season for foreign corporate dividend distributions and stable yields from overseas assets, the pressure on cross-border primary income has eased. Looking ahead, as Chinese enterprises deepen their overseas expansion, outbound investment returns are expected to continue offsetting part of the deficit, though attention must be paid to seasonal fluctuations during the mid-year peak dividend season.

Description

China's Primary Income Balance (Primary Income Balance) is published by China's State Administration of Foreign Exchange (SAFE) and is used to measure China's international balance of payments in terms of primary income, including cross-border income such as labor remuneration and investment income. and expenses. When the main income balance is positive, it indicates a net inflow, which usually means that China's investment income and labor remuneration from overseas are higher than its outward payments; when it is negative, it indicates a net outflow, which may reflect that China's investment income or labor remuneration paid out is more.

Published by
State AdministRation of Foreign Exchange of China (Choice)
Frequency
Quarterly
Next Update