China had a $49.1 billion overall current account surplus in 2018. Assuming that Chinas net debt forgiveness
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China had a $49.1 billion overall current account surplus in 2018. Assuming that China’s net debt forgiveness was zero in 2018 (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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The overall current account surplus represents the excess of C...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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