China's current account surplus widened to USD 49.2 billion in the three months to September of 2019 from USD 46.2 billion in the previous period and compared to preliminary estimates of USD 54.9 billion, final data from the State Administration of Foreign Exchange (SAFE) showed. The goods account posted a surplus of USD 131.6 billion while the services account recorded a USD 72.5 billion deficit. Considering the first three quarters of the year, China recorded a current account surplus of USD 137.4 billion. Current Account in China averaged 396.61 USD HML from 1998 until 2019, reaching an all time high of 1330.85 USD HML in the fourth quarter of 2008 and a record low of -341 USD HML in the first quarter of 2018. source: State Administration of Foreign Exchange, China
Current Account in China is expected to be 72.22 USD HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in China to stand at 520.00 in 12 months time. In the long-term, the China Current Account is projected to trend around 67.52 USD HML in 2020, according to our econometric models.