China’s Current Account Surplus Hits 14-Year High on Exports

[beijingwalker]

China’s Current Account Surplus Hits 14-Year High on Exports​

By Bloomberg News
February 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.

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

 

[beijingwalker]

"Exports skyrocketed by 30% in 2021, and by the end of 2022 had grown to an estimated $3.6 trillion per year. That means China’s exports alone are bigger than the entire economies of countries like the UK, India, and France."

 

[beijingwalker]

"Exports skyrocketed by 30% in 2021, and by the end of 2022 had grown to an estimated $3.6 trillion per year. That means China’s exports alone are bigger than the entire economies of countries like the UK, India, and France."

If China's exports is a country, it will rank 4th or 5th in the world.

 

[Han Patriot]

Stop accumulating dollars, demand rmb backed by gold. If we did that, th3 dollar would crash but we cannot do it abruptly, it must be done over decades. Boil a frog slowly and it wouldn't move from tbe pot.

 

[Sandwalk]

"Exports skyrocketed by 30% in 2021, and by the end of 2022 had grown to an estimated $3.6 trillion per year. That means China’s exports alone are bigger than the entire economies of countries like the UK, India, and France."

Those numbers are mind boggling.
China is overflowing with money these days.

 

[beijingwalker]

"Exports skyrocketed by 30% in 2021, and by the end of 2022 had grown to an estimated $3.6 trillion per year. That means China’s exports alone are bigger than the entire economies of countries like the UK, India, and France."

Hong kong's annual exports are over $700 billion , ranking 6th in the world, about the same of Japan, ahead of Korea, Italy, France, UK
If China and Hong kong exports combined, they'll be well over $4 trillion per year.