A country’s current account balance can be seen from different perspectives. From a trade perspective, the current account balance is positive if the sum of net exports and net income from abroad is positive. The current account balance is positive also if a country saves more than what is spent on domestic investment. The IMF’s spring edition of the World Economic Outlook projects the Chinese current account balance to be around 0.5% of GDP in 2019, enter negative territory in 2022, and stand at minus 0.2% by 2024. But during the last 15 years, the current account balance of China, the world’s manufacturing ... (full story)