Current Account in China

China Current Account | Economic News & Forecasts

China - Current Account

The recovery remains firmly in place, with October indicators signaling still-robust economic dynamics. On 29 October, China’s top leadership finalized the blueprint of the 14th Five-Year Plan (2021—2025) and unveiled its “Vision 2035” program, which intends to catapult China to “moderately developed economy” status in 15 years. The final document will be approved at the March 2021 National People’s Congress. The agenda includes boosting total factor productivity, rebalancing economic development and reducing the economy’s dependence on external markets and technology. Although it is ambitious, China’s solid track record of meeting economic and social targets makes this initiative plausible. Regarding the U.S. elections, while a Biden presidency should lead to some reduction in trade tensions, the removal of existing trade tariffs is still uncertain.

China - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)2.8  1.8  1.6  0.2  1.0  

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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

Value Change Date
Bond Yield3.17-0.40 %Dec 31
Exchange Rate6.96-0.19 %Jan 01

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