International Reserves in China
China - International Reserves
The economy lost significant steam in early Q2 on widespread Covid-19 lockdowns: In April, retail sales and industrial production recorded their sharpest annual contractions since early 2020. The economy regained some momentum in May, as the impact of the pandemic ebbed, with retail sales, industrial production, fixed investment and export figures all beating expectations. However, overall activity remained downbeat, with the housing market particularly depressed. Towards the end of Q2, the marked fall in total Covid-19 cases and the recent easing of lockdowns in many areas—including Shanghai—will aid household spending, exports and industrial activity. On the other hand, the threat of further stop-start restrictions will continue to weigh on sentiment, with Beijing and Shanghai resuming mass testing in mid-June in response to the emergence of new Covid-19 clusters.China - International Reserves Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 3,406 | 3,098 | 3,236 | 3,168 | 3,223 |
China International Reserves Chart
Source: People's Bank of China and FocusEconomics calculations.
China Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.17 | -0.40 % | Dec 31 |
| Exchange Rate | 6.96 | -0.19 % | Jan 01 |
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Economic News
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China: Economic growth slows in Q4
January 15, 2023
GDP growth waned to 2.9% year on year in the fourth quarter from 3.9% in the third quarter, broadly in line with our panelists’ expectations. The services sector grew 2.3% annually in the fourth quarter, decelerating from the third quarter's 3.2% increase.
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China: House prices decline again in December
January 15, 2023
House prices in 70 large- and medium-sized cities fell 0.2% month on month in December, according to a weighted average index calculated by Refinitiv from data issued by the National Bureau of Statistics (NBS), following November’s 0.2% decrease.
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China: Money supply records slowest growth since June in December
January 10, 2023
In December, Chinese banks distributed CNY 1400 billion in new yuan loans, up from November’s 1210 billion figure.
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China: Merchandise exports decline in December
January 10, 2023
Merchandise exports decreased 9.9% year-on-year in December following November’s 9.0% decrease, driven by Covid-19 disruptions at home and mild demand from developed markets.
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China: Inflation rises in December
January 10, 2023
Consumer price inflation came in at 1.8% in December, which was up from November’s 1.6% but was still weak by international standards due to depressed demand.
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