Does current account surplus imply stated outcome
Consider the following statement: "China's current account surplus implies that China has added more to global supply of output than to global demand." Does a current account surplus necessarily imply the stated outcome for global supply and demand?
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China's present account surplus implies that China added more to global supply of output than to global demand.
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Describe role of China's administered exchange rate in contributing to trade surpluses and hence growth in global supply of goods relative to demand.
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