Current Account in China

China Current Account (USD bn) | Economic News & Forecasts

China - Current Account (billions of U.S. Dollars)

Although the bulk of the regular economic information for January and February will be released in March, available data for this year suggests that the Chinese economy has continued to cool. The manufacturing PMI improved marginally in January although still hovered in negative territory, while export growth surpassed expectations in the same month. That said, analysts warn that January’s surge mostly reflect distortions related to the Lunar New Year (LNY) holidays. The Ministry of Commerce revealed on 10 February that growth in consumer spending moderated over the LNY festivity, signaling that household spending will be sluggish in Q1. In an attempt to revive consumers’ mood, on 29 January, the government announced subsidies on purchases of cars and appliances. Meanwhile, trade talks between China and the U.S. intensified in recent weeks as the 2 March deadline looms.

China - Current Account (USD bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (USD bn)148  236  304  202  165  

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China Current Account (USD bn) Chart

China Current Account
Note: Current account balance as % of GDP.
Source: State Administration of Foreign Exchange.

China Facts

Bond Yield3.17-0.40 %Mar 11
Exchange Rate6.73-0.19 %Mar 11
Stock Market3,027-0.34 %Mar 11

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