Current Account in China

China Current Account | Economic News & Forecasts

China - Current Account

The economy is likely losing momentum in the third quarter, hit by ongoing flooding, supply disruptions, curbs on the property sector and polluting industries, and some mobility restrictions. In August, credit growth continued to moderate, while the non-manufacturing PMI dropped into contractionary territory for the first time since April 2020. Moreover, the manufacturing PMI ticked down to a 19-month low in the same month as the global semiconductor shortage continued to sideline domestic vehicle production, while auto sales were down nearly 18% in August. On the Covid-19 front, although the tough restrictions imposed in late July have largely curbed the spread of the Delta variant in recent weeks, another outbreak in southern China emerged in early September, which should be weighing heavily on economic sentiment and could further hamper output at the tail end of Q3.

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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