Goldman Sachs raises its forecast for China's current account surplus as a percentage of GDP this year

Goldman Sachs published a report stating that after calculating the fourth quarter data, it revised its forecast for China's current account surplus this year, as China's fourth quarter goods and services trade reached a record high.

Goldman Sachs expects that China's current account surplus will account for 4.3% of GDP this year, higher than the previous forecast of 4.1%, while last year's ratio was 3.7%, exceeding the expected 3.5%.

Goldman Sachs indicated that looking ahead, it expects the current account surplus to expand this year, benefiting from an increase in the goods trade surplus and a slight narrowing of the services trade deficit. In terms of the capital account and financial account, it is expected that foreign direct investment inflows and outflows will remain basically flat compared to last year, while securities investment outflows will be lower than last year