Data released this week confirm that China is on course to run one of the biggest annual current account surpluses ever recorded relative to global GDP, despite the global economic slump. Pandemic-linked demand for masks, medicines, and electronics has boosted Chinese industry. But with commodity prices low, China’s own infrastructure-led rebound isn’t doing much for demand in the rest of the world. Meanwhile, efforts in China to constrain property developers are starting to bite.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services