国际金融学案例17：中国的国际收支平衡表分析

单位：千美元差额45,874,81236,078,97744,651,625-8,572,648-10,326,4252,218,728211,026106,416-4,251,432-80,56566,363-3,441,148-1,564,59228,380-36,0928,591,991-95,299-7,838,360162,362-8,000,72217,634,1958,03817,626,15752,725,942-48,083贷方519,580,386485,003,217438,269,59546,733,6227,906,40817,406,000638,4101,289,655312,784151,9551,102,176106,9791,884,945486,26133,44315,055,828358,77916,094,6931,282,59414,812,09818,482,477113,77418,368,703219,630,6120借方473,705,574448,924,239393,617,97055,306,27018,232,83315,187,272427,3841,183,2394,564,216232,5191,035,8123,548,1273,449,537457,88169,5356,463,837454,07823,933,0531,120,23322,812,820848,282105,736742,546166,904,67148,083单位：千美元差额45,874,81236,078,97744,651,625-8,572,648-10,326,4252,218,728211,026106,416-4,251,432-80,56566,363-3,441,148-1,564,59228,380-36,0928,591,991-95,299-7,838,360162,362-8,000,72217,634,1958,03817,626,15752,725,942-48,083贷方519,580,386485,003,217438,269,59546,733,6227,906,40817,406,000638,4101,289,655312,784151,9551,102,176106,9791,884,945486,26133,44315,055,828358,77916,094,6931,282,59414,812,09818,482,477113,77418,368,703219,630,6120借方473,705,574448,924,239393,617,97055,306,27018,232,83315,187,272427,3841,183,2394,564,216232,5191,035,8123,548,1273,449,537457,88169,5356,463,837454,07823,933,0531,120,23322,812,820848,282105,736742,546166,904,67148,083

以下是中国2001——2003年的国际收支平衡表：2003年中国国际收支平衡表

项目

一.经常项目

A.货物和服务

a.货物

b.服务

1.运输

2.旅游

3.通讯服务

4.建筑服务

5.保险服务

6.金融服务

7.计算机和信息服务

8.专有权利使用费和特许费

9.咨询

10.广告、宣传

11.电影、音像

12.其它商业服务

13.别处未提及的政府服务

B.收益

1.职工报酬

2.投资收益

C.经常转移

1.各级政府

2.其它部门

二.资本和金融项目

A.资本项目

52,774,02447,228,993152,27447,076,71911,426,7572,983,12102,983,1212,983,12108,443,6367,729,000714,636716,785-2,149-5,881,725-17,921,516-1,464,9910-1,464,99113,927,400-693,00014,620,400-6,552,105-23,831,820-45,000,00021,168,18012,039,7904,720,304219,630,61255,507,1172,002,11753,505,00012,306,6823,000,16203,000,1623,000,16209,306,5207,729,0001,577,5201,530,56946,951151,816,81351,985,57600021,700,806021,700,806662,87129,621,899029,621,89999,831,2374,720,304166,856,5888,278,1251,849,8446,428,281879,92517,041017,04117,0410862,8840862,884813,78449,100157,698,53869,907,0921,464,99101,464,9917,773,406693,0007,080,4067,214,97653,453,71945,000,0008,453,71987,791,4460

B.金融项目52,774,02447,228,993152,27447,076,71911,426,7572,983,12102,983,1212,983,12108,443,6367,729,000714,636716,785-2,149-5,881,725-17,921,516-1,464,9910-1,464,99113,927,400-693,00014,620,400-6,552,105-23,831,820-45,000,00021,168,18012,039,7904,720,304219,630,61255,507,1172,002,11753,505,00012,306,6823,000,16203,000,1623,000,16209,306,5207,729,0001,577,5201,530,56946,951151,816,81351,985,57600021,700,806021,700,806662,87129,621,899029,621,89999,831,2374,720,304166,856,5888,278,1251,849,8446,428,281879,92517,041017,04117,0410862,8840862,884813,78449,100157,698,53869,907,0921,464,99101,464,9917,773,406693,0007,080,4067,214,97653,453,71945,000,0008,453,71987,791,4460

1.直接投资

1.1我国在外直接投资

1.2外国在华直接投资

2.证券投资

2.1资产

2.1.1股本证券

2.1.2债务证券

2.1.2.1(中)长期债券

2.1.2.2货币市场工具

2.2负债

2.2.1股本证券

2.2.2债务证券

2.2.2.1(中)长期债券

2.2.2.2货币市场工具

3.其它投资

3.1资产

3.1.1贸易信贷

长期

短期

3.1.2贷款

长期

短期

3.1.3货币和存款

3.1.4其它资产

长期

短期

3.2负债

3.2.1贸易信贷

04,720,3046,614,306-5,355,88111,970,186742,441-37,259-1,015,799978,540-117,023,1000-90,000-89,000-116,844,100018,422,347单位：千美元差额35,421,96837,382,67144,166,574-6,783,903-7,891,6964,986,58479,688282,587-3,036,79304,720,30478,874,34217,499,27561,375,0688,795,0607,441,5313,930,1303,511,40100000018,422,347贷方387,534,971365,395,328325,650,82339,744,5055,720,20820,385,000550,1071,246,448208,9440072,260,03722,855,15549,404,8818,052,6197,478,7904,945,9302,532,861117,023,100090,00089,000116,844,10000借方352,113,002328,012,657281,484,24846,528,40813,611,90315,398,416470,41904,720,3046,614,306-5,355,88111,970,186742,441-37,259-1,015,799978,540-117,023,1000-90,000-89,000-116,844,100018,422,347单位：千美元差额35,421,96837,382,67144,166,574-6,783,903-7,891,6964,986,58479,688282,587-3,036,79304,720,30478,874,34217,499,27561,375,0688,795,0607,441,5313,930,1303,511,40100000018,422,347贷方387,534,971365,395,328325,650,82339,744,5055,720,20820,385,000550,1071,246,448208,9440072,260,03722,855,15549,404,8818,052,6197,478,7904,945,9302,532,861117,023,100090,00089,000116,844,10000借方352,113,002328,012,657281,484,24846,528,40813,611,90315,398,416470,419963,8613,245,738

短期

3.2.2贷款

长期

短期

3.2.3货币和存款

3.2.4其它负债

长期

短期

三.储备资产

3.1货币黄金

3.2特别提款权

3.3在基金组织的储备头寸

3.4外汇

3.5其它债权

四.净误差与遗漏

2002年中国国际收支平衡表

项目

一.经常项目

A.货物和服务

a.货物

b.服务

1.运输

2.旅游

3.通讯服务

4.建筑服务

5.保险服务

-38,832-494,687-2,981,182-1,345,589-21,601-66,3503,829,110-85,142-14,945,148-276,575-14,668,57312,984,445-73,65013,058,09532,290,837-49,63132,340,46946,789,569-2,518,40749,307,977-10,342,485-12,094,5100-12,094,510-3,273,190-8,821,3201,752,0252,249,00051,009638,167132,8221,284,937372,84629,6748,761,083363,2588,344,269673,7527,670,51713,795,37386,49213,708,881128,321,3060128,321,30653,073,619330,61952,743,0002,286,61614,734014,73414,73402,271,8822,249,00089,8421,132,8543,114,0042,630,527394,44796,0244,931,974448,40023,289,418950,32722,339,091810,928160,142650,78696,030,46949,63195,980,8386,284,0502,849,0263,435,02312,629,10112,109,244012,109,2443,287,9248,821,320519,8570

6.金融服务-38,832-494,687-2,981,182-1,345,589-21,601-66,3503,829,110-85,142-14,945,148-276,575-14,668,57312,984,445-73,65013,058,09532,290,837-49,63132,340,46946,789,569-2,518,40749,307,977-10,342,485-12,094,5100-12,094,510-3,273,190-8,821,3201,752,0252,249,00051,009638,167132,8221,284,937372,84629,6748,761,083363,2588,344,269673,7527,670,51713,795,37386,49213,708,881128,321,3060128,321,30653,073,619330,61952,743,0002,286,61614,734014,73414,73402,271,8822,249,00089,8421,132,8543,114,0042,630,527394,44796,0244,931,974448,40023,289,418950,32722,339,091810,928160,142650,78696,030,46949,63195,980,8386,284,0502,849,0263,435,02312,629,10112,109,244012,109,2443,287,9248,821,320519,8570

7.计算机和信息服务

8.专有权利使用费和特许费

9.咨询

10.广告、宣传

11.电影、音像

12.其它商业服务

13.别处未提及的政府服务

B.收益

1.职工报酬

2.投资收益

C.经常转移

1.各级政府

2.其它部门

二.资本和金融项目

A.资本项目

B.金融项目

1.直接投资

1.1我国在外直接投资

1.2外国在华直接投资

2.证券投资

2.1资产

2.1.1股本证券

2.1.2债务证券

2.1.2.1(中)长期债券

2.1.2.2货币市场工具

2.2负债

2.2.1股本证券

-496,975-505,0778,102-4,106,616-3,076,7401,098,00601,098,006-5,391,120-29,000-5,362,120-2,486,2883,702,66103,702,661-1,029,8762,849,35002,849,350-4,139,624-4,531,037391,414286,818-26,4197,149-33,568-75,507,060022,88248022,40272,961,07213,773,3831,098,00601,098,006346,6190346,6191,358,66410,970,094010,970,09459,187,6892,849,35002,849,35052,077,23718,369,85533,707,3814,102,502158,60076,65681,94400519,857505,55714,30077,067,68716,850,1230005,737,73929,0005,708,7393,844,9517,267,43207,267,43260,217,56400056,216,86022,900,89333,315,9683,815,685185,01969,507115,51275,507,0600

2.2.2债务证券-496,975-505,0778,102-4,106,616-3,076,7401,098,00601,098,006-5,391,120-29,000-5,362,120-2,486,2883,702,66103,702,661-1,029,8762,849,35002,849,350-4,139,624-4,531,037391,414286,818-26,4197,149-33,568-75,507,060022,88248022,40272,961,07213,773,3831,098,00601,098,006346,6190346,6191,358,66410,970,094010,970,09459,187,6892,849,35002,849,35052,077,23718,369,85533,707,3814,102,502158,60076,65681,94400519,857505,55714,30077,067,68716,850,1230005,737,73929,0005,708,7393,844,9517,267,43207,267,43260,217,56400056,216,86022,900,89333,315,9683,815,685185,01969,507115,51275,507,0600

2.2.2.1(中)长期债券

2.2.2.2货币市场工具

3.其它投资

3.1资产

3.1.1贸易信贷

长期

短期

3.1.2贷款

长期

短期

3.1.3货币和存款

3.1.4其它资产

长期

短期

3.2负债

3.2.1贸易信贷

长期

短期

3.2.2贷款

长期

短期

3.2.3货币和存款

3.2.4其它负债

长期

短期

三.储备资产

3.1货币黄金

-143,170-1,121,741-74,242,15007,794,255单位:千美元目17,405,27528,086,22034,017,234-5,931,014-6,689,0783,883,174-54,858-16,815-2,483,68721,662116,752-1,827,964-612,84419,228-22,3241,538,181197,558-19,173,258-554,145-18,619,1148,492,313-66,6288,558,94134,775,42700007,794,255差额317,924,465299,410,173266,075,03933,335,1354,635,05917,792,000271,121830,194227,32799,076461,458110,096889,273277,28827,8957,281,751432,5969,389,580297,4909,092,0909,124,711138,0448,986,66799,531,135143,1701,121,74174,242,15000贷方300,519,190271,323,953232,057,80539,266,14811,324,13713,908,826325,979847,0092,711,01477,414344,7061,938,0601,502,117258,06050,2205,743,570235,03828,562,839851,63527,711,204632,398204,672427,72664,755,708借方

-143,170-1,121,741-74,242,15007,794,255单位:千美元目17,405,27528,086,22034,017,234-5,931,014-6,689,0783,883,174-54,858-16,815-2,483,68721,662116,752-1,827,964-612,84419,228-22,3241,538,181197,558-19,173,258-554,145-18,619,1148,492,313-66,6288,558,94134,775,42700007,794,255差额317,924,465299,410,173266,075,03933,335,1354,635,05917,792,000271,121830,194227,32799,076461,458110,096889,273277,28827,8957,281,751432,5969,389,580297,4909,092,0909,124,711138,0448,986,66799,531,135143,1701,121,74174,242,15000贷方300,519,190271,323,953232,057,80539,266,14811,324,13713,908,826325,979847,0092,711,01477,414344,7061,938,0601,502,117258,06050,2205,743,570235,03828,562,839851,63527,711,204632,398204,672427,72664,755,708借方

3.3在基金组织的储备头寸

3.4外汇

3.5其它债权

四.净误差与遗漏

2001年中国国际收支平衡表项一.经常项目A.货物和服务a.货物b.服务1运输2旅游3通讯服务4建筑服务5保险服务6金融服务7计算机和信息服务8专有权利使用费和特许费9咨询10广告、宣传11电影、音像12其它商业服务13别处未提及的政府服务B.收益1职工报酬2投资收益C.经常转移1各级政府2其它部门二.资本和金融项目

-53,54034,828,96637,355,893-6,885,39844,241,291-19,405,929-20,654,27831,586-20,685,864-5,588,004-15,097,8601,248,349849,000399,349399,349016,879,00320,812,758702,3290702,32915,313,555-177,00015,490,555-3,213,8168,010,691-5,387,29813,397,988-3,933,756-2,441,9350-2,441,935-1,490,082-1,198,193099,531,13547,052,421206,42146,846,0002,403,85869,20831,58637,62237,62202,334,650849,0001,485,6501,485,650050,074,85633,667,201702,3290702,32915,736,290015,736,290301,16216,927,419016,927,41916,407,65500010,304,5417,127,41453,54064,702,1699,696,5287,091,8192,604,70921,809,78820,723,487020,723,4875,625,62715,097,8601,086,30101,086,3011,086,301033,195,85312,854,442000422,735177,000245,7353,514,9788,916,7295,387,2983,529,43120,341,4112,441,93502,441,93511,794,6238,325,607

A.资本项目-53,54034,828,96637,355,893-6,885,39844,241,291-19,405,929-20,654,27831,586-20,685,864-5,588,004-15,097,8601,248,349849,000399,349399,349016,879,00320,812,758702,3290702,32915,313,555-177,00015,490,555-3,213,8168,010,691-5,387,29813,397,988-3,933,756-2,441,9350-2,441,935-1,490,082-1,198,193099,531,13547,052,421206,42146,846,0002,403,85869,20831,58637,62237,62202,334,650849,0001,485,6501,485,650050,074,85633,667,201702,3290702,32915,736,290015,736,290301,16216,927,419016,927,41916,407,65500010,304,5417,127,41453,54064,702,1699,696,5287,091,8192,604,70921,809,78