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China’s Current Account Surplus Hits 14-Year High on Exports
By Bloomberg NewsFebruary 10, 2023 at 5:59 PM GMT+8
China’s current account surplus rose sharply in 2022, thanks to the nation’s resilient strength in exports and a dropoff in demand for imports as the domestic economy slowed.
The current-account balance at the end of last year was $417.5 billion, the State Administration of Foreign Exchange said Friday. That was 32% higher than 2021 and the most since 2008.
![www.bloomberg.com](/proxy.php?image=https%3A%2F%2Fassets.bwbx.io%2Fimages%2Fusers%2FiqjWHBFdfxIU%2FiZ4hEmDEI7EE%2Fv0%2F1200x674.jpg&hash=c90c393f4417a390823cce2ea35ee467&return_error=1)
China’s Current Account Surplus Hits 14-Year High on Exports
China’s current account surplus rose sharply in 2022, thanks to the nation’s resilient strength in exports and a dropoff in demand for imports as the domestic economy slowed.
![www.bloomberg.com](/proxy.php?image=https%3A%2F%2Fassets.bwbx.io%2Fs3%2Fjavelin%2Fpublic%2Fjavelin%2Fimages%2Ffavicon-black-63fe5249d3.png&hash=ac3eb772bcf79575bf158473d9c0c561&return_error=1)