Current Account in China

China Current Account | Economic News & Forecasts

China - Current Account

The economy ended 2019 on a relatively solid footing mostly benefiting from expectations of an early trade accord between China and the United States. Most economic indicators improved in December, prompting GDP growth to stabilize in Q4. Hopes of a prompt settling of trade disputes between the two superpowers finally materialized on 15 January with the signature of the “phase one” trade deal. Although the deal includes some tariff reductions for Chinese imports and China’s commitment to increase purchases of U.S. goods and services, key trade issues remain unresolved. This, coupled with Trump’s upcoming 2020 presidential campaign, raised skepticism about the sustainability of the current trade war truce. Moreover, the recent outbreak of a new coronavirus spread SARS-like fears. The SARS crisis in 2003 is estimated to have cut growth by between 0.5% and 2.0%.

China - Current Account Data

2014   2015   2016   2017   2018  
Current Account (% of GDP)2.3  2.8  1.8  1.6  0.4  

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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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