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The Chinese Current Account Imbalances: Puzzles, Patterns, and Possible Causes / Chang Ma, Shang-Jin Wei.
- Format:
- Book
- Author/Creator:
- Ma, Chang.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w35056.
- NBER working paper series no. w35056
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2026.
- Summary:
- China's large current account surplus has been an irritant to its trading partners. While industrial and trade policies often lead to sector-level imbalances, they play a relatively limited role in the economy-wide surplus. Structural factors such as an unbalanced sex ratio and uneven access to financing by state-owned and non-state firms are more important determinants of the current account imbalance. While macroeconomic stimulus can boost imports and reduce the surplus in the short run, any long-term solution would need to involve reforms aiming at addressing the structural problems.
- Notes:
- April 2026.
- Print version record
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