Analysis of the Changes and Influencing Factors of China's Balance of Payments

DOI: https://doi.org/10.62517/jse.202511102

Author(s)

Pingping Lv*

Affiliation(s)

School of Economics, Northwest Normal University, Lanzhou, Gansu, China *Corresponding Author.

Abstract

Balance of payments balance, as one of the four major macroeconomic objectives, is of great significance to the internal and external economic equilibrium of a country. With the deepening of reform and opening up, the foreign exchange management system have been continuously adjusted, and the connection between China's economy and the world economy has become increasingly close. From the perspective of balance of payments, this paper combines relevant data and changes in the international economic environment to sort out the historical trend of China's balance of payments and the specific reasons behind it, and through the analysis, puts forward suggestions for China to maintain the balanced development of its economy both internally and externally, in terms of the current account, the financial account and the analysis of the current account and the analysis of the current account, the financial account, and the analysis.

Keywords

Balance of Payments Changes; Current Account; Influencing Factors

References

[1] Yang Yaxin. Analysis of China's Balance of Payments and Policy Recommendations. Foreign Economic and Trade, 2022, (11):10-12. [2] Li Xiuzheng. Analysis of the Changing Trend and Influencing Factors of China's International Balance of Payments. China Collective, 2023, (10): 13-17. [3] Chen Weiguang, Ming Yuanpeng. SWIFT system and central bank digital currency under the perspective of national financial security: development path and logical relationship. Economist, 2023, (02): 56-66. [4] Zhou Yu. Structural changes in China's balance of payments and its drivers. World Economic Research, 2018, (09): 10-20+135. [5] Yi Shou-sheng, Wu Tao, et al. The Research Group of the State Administration of Foreign Exchange, Hubei Branch, Research on the Impact of Carbon Tariffs on China's Balance of Payments. China Foreign Exchange, 2024, (03): 6-78. [6] Wei Gejun. The Evolutionary Trend of China's International Balance of Payments Structure and Risk Prevention and Control. Contemporary Finance, 200, (06): 25-28. [7] Su Shiliang. Study on the Trend and Causes of China's Current Account Balance. Modern Finance, 2022, (05): 12-20. [8] Qiao Litin. Current Situation and Countermeasures of China's Service Trade Development under the Background of Digital Economy. Modern (Late Edition), 2024, (12): 10-12. [9] Zhou Dapeng. Research on the Impact of "Greenwashing" Behavior in ESG Information Disclosure on Chinese Enterprises' Foreign Direct Investment. World Economic Research, 2024, (12): 18-31 133. [10] Qiao Zhaoying, XIN Zhaoyang, WANG Bin. Research on the development trend of China's current account balance. Financial Development Research, 2018, (12):65-68. [11] Zhang Xiaolan, Pang Deliang. An Analysis of the Path Choice for the Transformation and Upgrading of China's Foreign Trade - Taking the Export Trade as the Starting Point. Journal of Yanbian University (Social Science Edition), 2013, 46(02): 59. [12] Chen Shali. A Comparative Analysis of China's International Balance of Payments Accounts from 1982 to 2014 Economic Forum, 2016, (03): 4-8. [13] Yang Yaxin. Analysis of China's Balance of Payments and Policy Recommendations. Foreign Economic and Trade, 2022, (11):10-12. [14] Chen Weidong, Liang Jing. Research on the Change, Trend and Impact of China's Saving Rate. Southwest Finance, 022, (02): 27-41. [15] Mao Xinyi. Analysis of Historical Changes and Recent Trends in China's Balance of Payments Structure. Times Finance, 2017, (23): 21-22. [17] Ma Wenhai, Li Jingyue. The Evolution of China's International Balance of Payments Pattern. Journal of Financial Education, 2016, 29(03): 28-35. [18] Pei Changhong. "The 13th Five-Year Plan": Towards a Higher Level of Open Economy. Dynamics, 2016, (01): 4-14. [19] Shang Pengcheng, ZHANG Hongjie. International Experience and Implications of China's Cross-border Capital Flow Management. North Finance, 2023, (12):86-91. [20] Zhou Jingtong, Wu Dan. Review, Prospect and the Impact on Foreign Exchange Reserves of RMB Exchange Rate Fluct. International Finance, 2024, (02): 38-47. [21] Guan Tao, Liu Lipin. Multipolar development of international monetary system and internationalisation of RMB. International Finance, 2023, (08): 12-18. [22] Li Hao, Zhang Zhizian. New Characteristics, Risks and Responses to Cross-border Capital Flows in China. Banker, 2023, (04): 55-58+6.