Consider the following hypothetical transactions: A Chinese firm sells oil drilling equipment to a Saudi Arabian oil company, receives a V150 1 million in payment Chinese citizens donate V150 million to people 2. suffering in war-torn Syria Foreign investors pay 200 million to buy bonds 3. issued by Zhejiang Geely Holding Group Co., Ltd. Chinese consumers pay 400 million to buy 4. consumer electronics products from Thailand. Chinese investors receive 100 million in 5. dividends from European companies A Chinese engineering firm does power plant design work for a Turkish energy company and earns V150 million. Foreign tourists visit China, spending 100 7. million A group of Chinese investors buys a hotel in Las 8. Vegas (USA), pays 300 million. 1. Transaction #1 will have a credit in Goods and a debit in [Select] 2. Transaction #2 will have a credit in [Select] and a debit in [Select] 3. Transaction #3 will have a credit in Net Incurrence of Liabilities and a debit in Net Incurrence of Liabilities. 4. Transaction #4 will have a credit in Net Incurrence of Liabilities and a debit in Goods. 5. Transaction #5 will have a credit in Primary Income and a debit in Net Incurrence of Liabilities. 6. Transaction #6 will have a credit in Services and a debit in Net Incurrence of Liabilities. 7. Transaction #7 will have a credit in Services and a debit in Net Incurrence of Liabilities. 8. Transaction #8 will have a credit in Net Incurrence of Liabilities and a debit in Net Acquisition of Assets. 9. Based on these eight transactions, it can be determined that China is a borrowing nation. 10. Assuming no statistical discrepancy (SD - 0) and an initial IIP-0, these eight transactions would make China a debtor nation.