China Current Account

China reported a current account surplus equivalent to 57.8 Billion USD in the third quarter of 2011. 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.

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About Current Account

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.

China News

China's Economy Expands 8.9% in Q4
Published: 1/17/2012 12:17:38 PM By: TradingEconomics.com, Reuters
China's economy expanded at its weakest pace in 2-1/2 years in the fourth quarter, with the sagging real estate and export sectors heralding a sharper slowdown in coming months and fresh pro-growth measures from the government.

China's Trade Surplus Narrows in November
Published: 12/10/2011 1:08:15 PM By: TradingEconomics.com, General Administration of Customs
China's trade surplus narrowed in November, but was higher than expected, indicating the euro-zone crisis is having a real but still limited impact on Chinese exports.

China Inflation Rate Falls to 4.2 percent in November
Published: 12/9/2011 12:03:00 PM By: TradingEconomics.com, National Bureau of Statistics China
Inflation Rate in China eased to 4.2 percent in November from 5.5 percent in October, the National Bureau of Statistics said. The rate cooled for a fourth consecutive month, after peaking at 6.5 percent in July.

China's Trade Surplus Widens in October
Published: 11/10/2011 10:54:04 AM By: TradingEconomics.com, General Administration of Customs
China recorded a trade surplus of $17.03 billion in October, as exports rose 15.9 percent year-on-year to $157.49 billion, while imports increased 28.7 percent to 140.56 billion, according to the General Administration of Customs. The trade surplus was $14.51 billion in September.

China's Inflation Rate Drops to 5.5% in October
Published: 11/9/2011 11:26:48 AM By: TradingEconomics.com, National Bureau of Statistics China
China's inflation rate has slowed to 5.5% in October compared with the same month a year earlier, the National Bureau of Statistics said. That is down from 6.1% in September, and a three-year high of 6.5% in July.

China's GDP Growth Slows to 9.1% in Q3
Published: 10/18/2011 10:46:48 AM By: TradingEconomics.com, National Bureau of Statistics China
China's gross domestic product expanded at the slowest pace in nearly two years in the third quarter. GDP growth moderated to 9.1 percent in the third quarter from 9.5 percent in the second quarter. On a seasonally adjusted quarter-on-quarter basis, GDP rose 2.3 percent following a revised 2.4 percent gain the second quarter.

China's Inflation Rate Remains High in September
Published: 10/14/2011 3:38:36 PM By: TradingEconomics.com, National Bureau of Statistics China
China's consumer prices rose 6.1 percent, down from August's 6.2 percent but well above the government's 4 percent target for the year. Food price inflation held steady at August's level of 13.4 percent.

China's Trade Surplus Shrinks in September
Published: 10/13/2011 2:23:59 PM By: TradingEconomics.com, Reuters
China's trade surplus narrowed for a second straight month in September to $14.5 billion, with both imports and exports lower than expected, reflecting global economic weakness and domestic cooling that will deepen policy quandaries facing Beijing.

China's Trade Surplus Narrows in August
Published: 9/11/2011 6:27:19 PM By: TradingEconomics.com, National Bureau of Statistics China
China's trade surplus fell to $17.75 billion in August as compared to $31.48 billion worth of surplus seen in July this year mostly due to record surge in imports.

China's Inflation Rate Eases in August
Published: 9/9/2011 10:17:38 AM By: TradingEconomics.com, National Bureau of Statistics China
Inflation rate in China rose 6.2 percent over a year earlier, cooling from 6.5 percent in July, the National Statistics Bureau said on September 9.

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