Tim condon an economist at the european bank ing was quoted, Microeconomics

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Tim condon an economist at the european bank ing was quoted

Tim Condon, an economist at the European bank ING, was quoted in the Wall Street Journal in 2011 as predicting that "China's current account or saving-investment surplus [will be in] the 1-2% of GDP range." Is he correct in referring to China's current account as being the same as its saving-investment surplus? Briefly explain. If the Chinese government runs a large budget deficit, what will be the likely effect on its current account?

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