First, the net inflow of capital has gradually become the main source of the balance of payments surplus.

Second, the trade surplus of goods has increased.

Third, China's export incentive policy.

Fourth, China's financial market is still underdeveloped in maintaining a long-term surplus in the capital account.

Fifth, the growth of foreign exchange reserves has accelerated.

The basic characteristics of China's balance of payments;

(1) The scale of revenue and expenditure has gradually expanded.

(2) The balance of payments structure has changed, non-trade has expanded, and the capital account has increased substantially.

(3) the interaction between favorable conditions and unfavorable conditions

(4) The reserves increase gradually in fluctuation.