Macroprudential regulation

COVID-19 tends to expand current account surplus while increase capital inflows under capital and financial account. Altogether its impact on China's Balance of Payments is limited.

Chinese economic growth has slightly recovered in the last quarter of 2019, although it continued its medium-to-long-term slowdown trend amid unsettled trade war and domestic structural obstacles. The 2019 whole year GDP growth reached 6.1%, the lowest growth rate for the past three decades.