Description
China's Current Account Balance is published by China's State Administration of Foreign Exchange (SAFE) and is used to measure China's international balance of payments in terms of merchandise trade, service trade, primary income and secondary income. A current account surplus indicates that the country has net savings from the outside world and is often seen as a source of foreign exchange reserve growth; a current account deficit indicates that the country needs to rely on international borrowing to meet expenditures. When the current account value is positive, it means that exports are greater than imports, which usually indicates strong economic competitiveness; when the value is negative, it means that imports are greater than exports, which may indicate a trade deficit or capital outflow.