International Reserves in China
China - International Reserves
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 - International Reserves Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 3,880 | 3,899 | 3,406 | 3,098 | 3,236 |
China International Reserves Chart
Source: People's Bank of China and FocusEconomics calculations.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.50 | -0.40 % | Jul 17 |
| Exchange Rate | 6.71 | -0.19 % | Jul 17 |
| Stock Market | 2,798 | -0.34 % | Jul 17 |
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Economic News
China: Economic growth slides in Q2 on financial deleveraging and amid escalating trade disputes
July 16, 2018
Growth in China lost some steam in Q2, reflecting aggressive financial deleveraging and authorities’ efforts to crack down on shadow banking.
China: Inflation inches up in June
July 10, 2018
Consumer prices fell 0.1% from the previous month in June, continuing the downward trend seen since March.
China: Manufacturing PMI edges down in June
June 30, 2018
The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) fell to 51.5% in June from 51.9% in May.
China: Full-blown trade war with the United States edges closer
June 18, 2018
Trade tensions between China and the United States escalated further on 15 June after the two countries announced punitive trade tariffs affecting in total USD 100 billion in bilateral trade.
China: House prices rise at fastest pace in nearly two years in June
June 17, 2018
House prices in 70 large- and medium-sized cities rose 1.0% in June in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
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