This paper states that China in the past few years has emerged as a net foreign creditor on the international scene with net foreign assets slightly greater than zero percent of wealth. This is surprising given that China is a relatively poor country with a capital-labor ratio about one-fifth the world average and one-tenth the U.S. level. The main questions that the authors address are whether it makes economic sense for China to be a net creditor...
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2005/11/01
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Рабочие документы (нумерованная серия)
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41855
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1
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1
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2010/07/01
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Disclosed
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Neither a borrower nor a lender : does China's zero net foreign asset position make economic sense?
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net foreign asset
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