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China Current AccountChina reported a current account surplus equivalent to 53600.0 Million USD in March of 2010. Export growth has continued to be a major component supporting China's rapid economic growth. Exports of goods and services constitute 39.7% of GDP. China major exports are: office machines & data processing equipment, telecommunications equipment, electrical machinery and apparel & clothing. China imports mainly commodities: iron and steel, oil and mineral fuels; machinery and equipment, plastics, optical and medical equipment and organic chemicals. Its main trading partners are: European Union, The United States, Japan, Hong Kong and South Korea. This page includes: China Current Account chart, historical data and news.
| Year | Mar | Jun | Sep | Dec |
| 2010 | 53600.0 | | | |
| 2009 | | 134459.9 | | 297100.0 |
| 2008 | | 191717.8 | | 436107.4 |
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China July Trade Surplus Widens
Published:
8/11/2010 10:20:40 AM
By:
TradingEconomics.com, WSJ
China recorded its biggest trade surplus in a year and a half for July, government data showed Tuesday, likely adding to the pressure on Beijing to allow faster yuan appreciation.
A sharp slowdown in import growth meant that China's trade surplus widened to $28.7 billion in July from $20.02 billion in June, surpassing expectations of a $19.6 billion surplus in a poll of economists. July's surplus was the biggest since January 2009's $39.11 billion.
July's slower imports growth is the latest sign that economic activity in China is easing as the impact of stimulus spending, which created a construction boom resulting in massive demand for imports of raw materials and equipment, has faded. Government measures to cool property-market speculation and crack down on polluting, energy-intensive industries have also contributed to the slowdown.
Exports grew 38.1% in July from a year earlier, China's Bureau of Customs said, slowing from June's 43.9% rise, but beating economists' expectations of a 36.3% increase.
The data showed no signs that exports to the European Union have been weakening, as some analysts had expected. Exports to the EU rose 5.4% to $28.67 billion in July from $27.2 billion in June, and were up 38.3% from July 2009.
July imports rose 22.7%, down sharply from June's 34.1% increase and well below expectations of a 30.2% rise.
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China Economic News
China's July Inflation Spikes Up
Published: 8/11/2010 10:23:16 AM
By: TradingEconomics.com, AP
China's inflation spiked up in July amid heavy flooding that disrupted food supplies, adding to pressure on the government to control rising living costs as rapid economic growth slows.
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China July Trade Surplus Widens
Published: 8/11/2010 10:20:40 AM
By: TradingEconomics.com, WSJ
China recorded its biggest trade surplus in a year and a half for July, government data showed Tuesday, likely adding to the pressure on Beijing to allow faster yuan appreciation.
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China Economy Cools in Second Quarter
Published: 7/15/2010 9:58:48 AM
By: TradingEconomics.com, Reuters
China's economy cooled in the second quarter, a slowdown that is likely to extend over the rest of the year as Beijing steers monetary and fiscal policy back to normal after a record credit surge to counter the global crisis.
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China's Trade Surplus Widens
Published: 7/11/2010 7:35:24 PM
By: TradingEconomics.com, Bloomberg
China’s overseas sales jumped 43.9 percent in June from a year earlier to $137.4 billion and the trade surplus more than doubled to $20 billion, the highest level in eight months.
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China Says It Will Increase Yuan's Flexibility
Published: 6/19/2010 4:57:56 PM
By: TradingEconomics.com, WSJ
China's central bank moved Saturday to head off resurgent international criticism of its currency policies with a pledge to make its tightly controlled exchange rate more flexible, a surprise announcement that was quickly welcomed by the U.S. and others even though the central bank also ruled out a big rise in the yuan.
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China Inflation Rises to a 19-Month High
Published: 6/13/2010 3:29:34 PM
By: TradingEconomics.com, AP
China's inflation rose in May amid signs its rebound from the global slump is slowing, adding to pressure on Beijing to keep growth on track and control politically sensitive prices.
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China’s Exports Rise 48.5% in May
Published: 6/10/2010 10:00:43 AM
By: TradingEconomics.com, Reuters
China's exports jumped in May, reassuring investors about the economy's strength but putting pressure on U.S. President Barack Obama to placate critics who say Beijing is keeping the yuan unfairly undervalued.
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Chinese Economy May be Overheating
Published: 5/11/2010 8:24:49 PM
By: Anna Fedec, contact@tradingeconomics.com
Data released in the last few weeks in China may be indicating that the third largest economy in the world is beyond recovery period and may be close to overheating. Yet, the Chinese government is still far from acknowledging that fact and focusing on slowing down the property prices instead of initiating monetary policy tightening.
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China's Inflation Rate Accelerates
Published: 5/11/2010 10:21:29 AM
By: TradingEconomics.com, MarketWatch
China's inflation rate accelerated in April, as consumer and producer prices beat estimates, while bank lending rose nearly 30% faster than expected.
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China Gets Back to Trade Surplus
Published: 5/10/2010 10:11:14 AM
By: TradingEconomics.com, reuters
China returned to familiar territory by posting a trade surplus in April, but exports only narrowly topped imports, providing limited comfort for policymakers fearful of another round of global economic turmoil.
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More news
Current Account Definition
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). The balance of trade is typically the most important part of the current account. This means that changes in the patterns of trade are key drivers in the current accounts of most of the world's economies. However, for the few countries with substantial overseas assets or liabilities, net factor payments may be significant.
Positive net sales to abroad generally contributes to a current account surplus; negative net sales to abroad generally contributes to a current account deficit. Because exports generate positive net sales, and because the trade balance is typically the largest component of the current account, a current account surplus is usually associated with positive net exports.
The net factor income or income account, a sub-account of the current account, is usually presented under the headings income payments as outflows, and income receipts as inflows. Income refers not only to the money received from investments made abroad (note: investments are recorded in the capital account but income from investments is recorded in the current account) but also to the money sent by individuals working abroad, known as remittances, to their families back home. If the income account is negative, the country is paying more than it is taking in interest, dividends, etc. For example, the United States' net income has been declining exponentially since it has allowed the dollar's price relative to other currencies to be determined by the market to a point where income payments and receipts are roughly equal
of trade forms part of the current account, which also includes other transactions such as income from the international investment position as well as international aid. If the current account is in surplus, the country's net international asset position increases correspondingly. Equally, a deficit decreases the net international asset position.
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