International Reserves in China
China - International Reserves
The recovery remains firmly in place, with October indicators signaling still-robust economic dynamics. On 29 October, China’s top leadership finalized the blueprint of the 14th Five-Year Plan (2021—2025) and unveiled its “Vision 2035” program, which intends to catapult China to “moderately developed economy” status in 15 years. The final document will be approved at the March 2021 National People’s Congress. The agenda includes boosting total factor productivity, rebalancing economic development and reducing the economy’s dependence on external markets and technology. Although it is ambitious, China’s solid track record of meeting economic and social targets makes this initiative plausible. Regarding the U.S. elections, while a Biden presidency should lead to some reduction in trade tensions, the removal of existing trade tariffs is still uncertain.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: Housing market momentum ebbs in June
July 15, 2021
House prices in 70 large- and medium-sized cities increased 0.5% in June in month-on-month terms according to a weighted average index calculated by Refinitiv from data issued by the National Bureau of Statistics (NBS).
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China: Annual retail sales growth eases to six-month low in June, but underlying momentum is solid
July 15, 2021
Retail sales expanded 12.1% in year-on-year terms in June, which was a deterioration from May's 12.4% increase.
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China: Industrial output records lowest expansion since December 2020 in June
July 15, 2021
Industrial production grew 8.3% year-on-year in June (May: +8.8% yoy).
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China: Nominal fixed investment growth eases in June
July 15, 2021
Nominal urban fixed asset investment grew 12.6% in year-to-date terms in June, which followed May's 15.4% increase.
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China: Economic growth slows in the second quarter
July 15, 2021
GDP growth lost momentum in the second quarter, falling to 7.9% year-on-year from 18.3% in the first quarter.
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