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China’s Current Account (via Hao’s Econ Blog) December 6, 2010

Posted by Avu in Uncategorized.
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That’s What’s Up

China's Current Account 1) China's deficit in the mid 1980s is explained through the surge in foreign direct investment in China. However the current account when back into surplus in the 1990-1991 due to heavy government budget cutbacks as well as bans on imports. China's current account has been relatively balanced until 2001. The current account has been in surplus 1996 due to low domestic demand and high exports, which lead to a surplus of about 30 billion dollars. … Read More

via Hao's Econ Blog

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