China’s Balance of Payments Analysis Report
Assignment 2
China’s Balance of Payments analysis Report
Abstract
In recent years, China’s balance of payments always keeps “double favorable balance”. In 2005, China’s national economy developed quickly and stably. The exchange rat of RMB became more flexible. The current account surplus increased obviously and the capital account surplus decreased. The foreign exchange reserve still increased quickly. In 2005, Chinese government did some fiscal policy and monetary policy. Such as decreased government expense, raise the tax rate, used managed floating system, improve the foreign exchange management, enlarged the foreign exchange market. We can conclude that china’s BOP will still keep “double favorable balance” and keep increase stably and strongly in the future years.
Introduction As we all know, China is the biggest developing country in this world. China’s economy status has being more and more important for the global economics. In recent years, china did some policies to keep economy growth quickly. So in this essay, First, I will introduce and analyses some main data of the China’s BOP. Then discuss the influence of BOP surplus. After that I will analyze the Chinese moderate economic policy and discuss the RMB appreciation. At last I will make some conjecture about the Chinese future economy development and future policy. Next is the text. Text
In 2005, Chinese economy kept stable and fast growth and foreign trade increased quickly. The foreign business direct investment keep great amount. The balance of payment continued “double favorable balance”. The current account surplus was160.8 billion dollars, the capital and the capital and financial account surplus was 63 billion dollars. The national foreign exchange reserve increased 208.9 billion dollars. Next I will introduce and analyze the China’s BOP in 2005.
1. Current account: In 2005, China’s current account surplus was160.8 billion dollars, it increased 134% than 2004,
China’s Balance of Payments analysis Report
Abstract
In recent years, China’s balance of payments always keeps “double favorable balance”. In 2005, China’s national economy developed quickly and stably. The exchange rat of RMB became more flexible. The current account surplus increased obviously and the capital account surplus decreased. The foreign exchange reserve still increased quickly. In 2005, Chinese government did some fiscal policy and monetary policy. Such as decreased government expense, raise the tax rate, used managed floating system, improve the foreign exchange management, enlarged the foreign exchange market. We can conclude that china’s BOP will still keep “double favorable balance” and keep increase stably and strongly in the future years.
Introduction As we all know, China is the biggest developing country in this world. China’s economy status has being more and more important for the global economics. In recent years, china did some policies to keep economy growth quickly. So in this essay, First, I will introduce and analyses some main data of the China’s BOP. Then discuss the influence of BOP surplus. After that I will analyze the Chinese moderate economic policy and discuss the RMB appreciation. At last I will make some conjecture about the Chinese future economy development and future policy. Next is the text. Text
In 2005, Chinese economy kept stable and fast growth and foreign trade increased quickly. The foreign business direct investment keep great amount. The balance of payment continued “double favorable balance”. The current account surplus was160.8 billion dollars, the capital and the capital and financial account surplus was 63 billion dollars. The national foreign exchange reserve increased 208.9 billion dollars. Next I will introduce and analyze the China’s BOP in 2005.
1. Current account: In 2005, China’s current account surplus was160.8 billion dollars, it increased 134% than 2004,