A news article notes, China recorded a current-account surplus of $76.6 billion in the second quarter but

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A news article notes, "China recorded a current-account surplus of $76.6 billion in the second quarter but that was offset by a deficit of the same amount on its capital and financial account." Is this outcome surprising? Briefly explain.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 08:02 AM

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A news article notes, China recorded a current-account surplus of $76.6 billion in the second quarter but

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Economics

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