China had a $372 billion overall current account surplus in 2007. Assuming that Chinas net debt forgiveness

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China had a $372 billion overall current account surplus in 2007.

Assuming that China’s net debt forgiveness was zero in 2007 (its capital account balance was zero), by how much did Chinese purchases of financial and real assets abroad exceed foreign purchases of Chinese financial and real assets?

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Macroeconomics

ISBN: 9780077337728

19th Edition

Authors: Campbell Mcconnell, Stanley Brue, Sean Flynn, Flynn Mcconnell Brue

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Question Posted: Feb 16, 2024 10:00 AM

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China had a $372 billion overall current account surplus in 2007. Assuming that Chinas net debt forgiveness

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Macroeconomics

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