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 ...
The current account measures how much a country earns and spends with the rest of the world. When earnings from exports, services, and remittances exceed spending on imports and payments abroad, it ...
Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. In the second quarter of 2024, China reported a customs surplus of $250 Billion, a ...