28/11/18

For The First Time In 25 Years, China Has To Make A Choice Between External Stability And Growth



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For The First Time In 25 Years, China Has To Make A Choice Between External Stability And Growth
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Back in August 2 we reported of a historic event for China's economy: for the first time in its modern history, China's current account balance for the first half of the year had turned into a deficit. And while the full year amount was likely set to revert back to a modest surplus, it was only a matter of time before one of the most unique features of China's economy - its chronic current account surplus - was gone for good.

Fast forward to this weekend, when as part of its summary of Top Macro Trades for 2019, UBS wrote that the ....

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