Current Account in China

China Current Account | Economic News & Forecasts

China - Current Account

Economic growth further softened in July on the back of financial deleveraging, the authorities’ crackdown on shadow banking and spillovers from the trade spat with the United States. Infrastructure investment continued to be the main drag on overall growth following severe financial tightening in the first half of the year. Retail sales also performed poorly in July as the trade war with the U.S. and slowing economic growth started to dampen consumer sentiment. In late July, China’s leadership vowed to adopt a more active fiscal policy to bolster the economy. For now, this claim translated into an acceleration in tax rebates and spending, and the issuance of special bonds for infrastructure investment. Moreover, lenders were encouraged to increase funding for selected projects and exporters. The stimulus program is intended to buttress the economy amid growing economic uncertainties both at home and abroad.

China - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.5  2.3  2.8  1.8  1.3  

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China Current Account Chart


China Current Account
Note: Current account balance as % of GDP.
Source: State Administration of Foreign Exchange.

China Facts

ValueChangeDate
Bond Yield3.68-0.40 %Sep 14
Exchange Rate6.87-0.19 %Sep 14
Stock Market2,682-0.34 %Sep 14

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