China 2000 BOP surplus 20.52 bln usd; exports 249.13 bln

HONG KONG (AFX-ASIA) - China's current account for international payments in 2000 stood at a surplus of 20.52 bln usd, the State Administration of Foreign Exchange (SAFE) was quoted by the official Xinhua news agency as saying.

	    In a despatch from Beijing monitored here, Xinhua also quoted the document published by SAFE as saying exports of goods last year were valued at 249.13 bln usd, up 28 pct from a year earlier, while imports of goods totalled 214.66 bln usd, up 35 pct, with the trade surplus at 34.47 bln.

	    Income from the service sector was 30.43 bln usd, up 28 pct, while expenditure in this sector was 36 bln, up 15 pct, with a deficit of 5.6 bln, it said. 

	    Current transfers made a surplus of 6.31 bln.

	    The surplus in capital and financial accounts was 1.92 bln usd, down 5.72 bln from a year earlier, which showed the capital account at a deficit of 40 mln usd, while the financial account was at a surplus of 1.96 bln, it said.

	    In the 2000 financial account, direct investment projects had a surplus of 37.48 bln usd, securities investment projects had a deficit of 3.99 bln, and other investment projects had a deficit of 31.53 bln, indicating that direct investment continued to be China's major inflow of overseas capital, the report said.

	    China's international asset reserves also had steady growth and the local currency remained stable. 

	    In 2000 China's international asset reserves increased 10.55 bln usd from the end of 1999, of which foreign exchange reserves increased 10.9 bln to reach 165.57 bln at the end of 2000, while the renminbi appreciated to 8.2781 yuan to the dollar from 8.2795, Xinhua said.

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