Current Account in China

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

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

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 - Current Account (USD bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (USD bn)304  202  195  25.5  141  

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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

Value Change Date
Bond Yield3.17-0.40 %Dec 31
Exchange Rate6.96-0.19 %Jan 01

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