The State Administration of Foreign Exchange announced the balance of payments of China in 2006. Statistics show that in 2006, China's current account, capital account and financial account showed a "double surplus", and international reserves grew rapidly.

In 2006, China's current account surplus was $249.9 billion. Among them, according to the balance of payments statistics, the surplus of goods items is $2 177 billion, the deficit of service items is $8.8 billion, the surplus of income items is $11800 million, and the current transfer surplus is $29.2 billion.

In 2006, the surplus of capital and financial projects was $654.38+000 billion. Among them, the net inflow of capital projects was 4 billion, the net inflow of direct investment was 60.3 billion dollars, the net outflow of securities investment was 67.6 billion dollars, and the net inflow of other investments was 65.438+03.3 billion dollars.

China's international reserve assets continue to grow. At the end of 2006, foreign exchange reserve assets increased by $247.5 billion compared with the end of last year, reaching $654.38+006.63 billion.

(A) structural imbalance

Because a country's domestic production structure and corresponding factor allocation can't be adjusted or updated in time and can't adapt to the changes in the international market, it leads to an imbalance in its international payments.

(B) cyclical imbalance

Related to the economic cycle, economic development and changes affect a country's total demand, import and export trade and income, resulting in an imbalance in international payments.

(C) Income imbalance

The imbalance of international payments caused by the change of a country's national income. A large national income in a certain period of time means that import consumption or other international payments will increase, and the international payments may be in deficit.

(D) Currency imbalance

The imbalance of international payments caused by the change of a country's currency value. When a country's prices generally rise or inflation is serious, the export cost of products increases and the international competitiveness of products decreases. Under other inconvenient and changing conditions, exports have decreased. At the same time, the import cost is reduced, the import is increased, and the balance of payments is in deficit. Otherwise there will be a surplus.

(E) Policy imbalance

The imbalance of international payments caused by the introduction of important economic policies or the implementation of major reforms in a country.