Current Account in China

China Current Account | Economic News & Forecasts

China - Current Account

Authorities’ efforts to curb shadow banking and support financial deleveraging weighed on growth in Q2 amid rising trade tensions with the United States. On 6 July, the United States imposed tariffs on USD 34 billion worth of Chinese imports. China immediately retaliated with corresponding tariffs. On 11 July, President Trump’s administration released a list of 10% tariffs on an additional USD 200 billion of Chinese goods likely to be enforced in two months. Chinese officials stated that the country will take unspecified measures to counter this threat, which could include non-tariff barriers, as China imports only around 150 billion from the U.S. The actual impact of ongoing trade disputes with the United States will start to be seen this month, especially in manufacturing activities and logistics.

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 Yield3.50-0.40 %Jul 17
Exchange Rate6.71-0.19 %Jul 17
Stock Market2,798-0.34 %Jul 17

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