Search
Jia Ning, Head of International Payments at SAFE: China's Current Account Surplus Projected at 2% of GDP in 2024
2025-01-14
At a press conference hosted by the State Council Information Office, Jia Ning, Director of the International Payments Department at the State Administration of Foreign Exchange (SAFE), forecasted that China's current account surplus will constitute approximately 2% of its GDP in 2024. Additionally, the non-reserve financial account is anticipated to exhibit a deficit, primarily attributed to the surge in outbound investments made by domestic entities. Statistics reveal that during the first three quarters of 2024, China's outbound investments across various categories increased steadily, with the size of non-reserve financial accounts growing 1.4 times compared to the same period last year.
-
C114 Communication Network -
Communication Home
7 X 24 Track global technological trends
