The Chinese current account has been in the surplus for more than 10 years now, and it has seen dramatic spikes over the past 5 years. The surplus was at its peak 1 year ago, when it was around 440 billion US dollars. However, the surplus has been decreasing over the past few months, and is currently around 70 billion, after falling to a minimum of 54 billion on March.
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November 30th, 2010 at 11:45 pm
China is going to be a world power soon along with India. However, China is currently in a surplus but India is in a deficit. It seems like as India’s deficit is growing (about 2.9% to 4%) and China’s surplus is coming down to reach 0. Both will be dominating economies in the future.
December 6th, 2010 at 1:03 am
[...] The Chinese current account has been in the surplus for more than 10 years now, and it has seen dramatic spikes over the past 5 years. The surplus was at its peak 1 year ago, when it was around 440 billion US dollars. However, the surplus has been decreasing over the past few months, and is currently around 70 billion, after falling to a minimum of 54 billion on March. … Read More [...]