The growth of Chinese tourism has helped shrink China’s overall current account balance with the rest of the world to almost zero. Photo: AFP
Opinion
Opinion
Abacus
The truth about China’s economy that Trump won’t get: there is no surplus
- A major economic shift has taken place which has all but eliminated the structural surplus in China’s current account
- And it’s good news for the global economy, even if Trump – and most other observers – are struggling to see it
The growth of Chinese tourism has helped shrink China’s overall current account balance with the rest of the world to almost zero. Photo: AFP