Current Account in China
China - Current AccountEconomic growth dipped to a 27-year low in the second quarter, and the economy likely continues to falter in Q3 amid the trade war with the U.S. Throughout January–July, investment growth slowed, while, in July, industrial production expanded at a near two-decade low and retail sales growth moderated. Meanwhile, in mid-August, the U.S. postponed imposing a 10% tariff on some Chinese consumer products from 1 September to 15 December, which should aid exports ahead of the Christmas season. In the same month, the IMF applauded the government during an Article IV visit for strengthening financial regulations, continuing to open up the economy and tightening control over local government expenditure to reduce the speed of debt accumulation; however, the Fund also noted that further reforms regarding state-owned enterprises are needed in order to increase competition and improve credit allocation.
China - Current Account Data
|Current Account (% of GDP)||1.5||2.3||2.8||1.8||1.6|
5 years of economic forecasts for more than 30 economic indicators.
China Current Account Chart
Source: State Administration of Foreign Exchange.
|Bond Yield||3.08||-0.40 %||Sep 04|
|Exchange Rate||7.15||-0.19 %||Sep 04|
|Stock Market||2,957||-0.34 %||Sep 04|
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September 11, 2019
In August, Chinese banks distributed CNY 1.21 trillion (USD 170 billion) in new yuan loans.
September 10, 2019
Consumer prices rose 0.7% from the previous month in August, following July’s 0.4% increase.
September 8, 2019
In August, exports fell 1.0% over the same month last year.
August 31, 2019
The manufacturing Purchasing Managers’ Index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) decreased to 49.5% in August from July’s 49.7%.
August 20, 2019
While initially threatening to slap a 10% tariff on the remaining USD 300 billion of imports from China, U.S. President Donald Trump partially backed down in mid-August by postponing imposing tariffs on a list of consumer goods from 1 September to 15 December.