China’s reported current account surplus rose from $55 billion in the second quarter of 2024 ($220 billion annualized, or just over a percentage point of GDP) to $148 billion (just under $600 billion ...
In the second quarter of 2024, China reported a customs surplus of $250 Billion, a services deficit of $60 billion—and a current account surplus of only $50 billion. The gap between the current ...
We estimate shocks that explain most of the variation in the current account at business cycle frequencies and over the long run. We then explore, using a standard open-economy macro model, which ...
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