In June 2020, the trade surplus in China amounted to approximately 46.4 billion U.S. dollars. The current account balance forecast measures the projected value of a country's net international transactions with the rest of the world. The trade balance (exports minus imports) is the largest component of a current account surplus or deficit. China will likely run a current account deficit ... on a path to becoming more reliant on foreign capital from 2020 onward. : Mainland (CHNBCABP6USD) from 2016 to 2024 about current account, BOP, China… Unlimited access tailored to your data needs Flexible monthly access to CEIC data A negative account means it spends more then it earns. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. The data reached an all-time high of 133.1 USD bn in Dec 2008 and a record low of -40.3 USD bn in Mar 2018. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). China recorded a Current Account deficit of 337 USD HML in the first quarter of 2020. Graph and download economic data for Balance of Payments: Total Net Current Account for China, P.R. Includes Current Account Balance for BEIJING, June 26 (Xinhua) -- China saw a current account deficit in the first quarter of this year amid disruptions brought about by the COVID-19 pandemic. China's Current Account Balance: USD mn data is updated quarterly, available from Mar 1998 to Mar 2020, with an averaged value of 34.0 USD bn. The current account includes all the transactions (other than those in financial items) that involve economic values and … Instant access to full history data in excel But while politicians in other countries often criticise China’s rigid exchange-rate regime, their real target is probably not the exchange-rate policy per se but China’s external imbalances. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. Foreign Direct Investment (FDI) increased by 33.6 USD bn in Mar 2020. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. License : CC BY-4.0
Keep in mind that for most expats or travelers going through this process of opening a Chinese bank account, it takes a few hours – and sometimes a few days.
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