Current Account in China

China Current Account | Economic News & Forecasts

China - Current Account

Economic 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.5  2.3  2.8  1.8  1.6  

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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 Yield3.08-0.40 %Sep 04
Exchange Rate7.15-0.19 %Sep 04
Stock Market2,957-0.34 %Sep 04

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