2009年中美国际收支平衡表分析.pptVIP

Exports of goods and services 1 570 797 Imports of goods and services-1 945 705 Income receipts 　 588 203 Income payments 　 -466 783 Unilateral current transfers, net -124 943 current account balance -378 431 current account balance -378431 capital account balance -140 1.Americas huge budget deficit economic recession since 2001 more government spending since 9.11 and pensions 2.The low savings rate in the United States for a long time, consumer spending has always been the main driver of economic growth 3.The United States and other major world economies imbalanced economic development capital inflows( to keep other currencies from devaluation, like Yen and RMB) 4.Control of the countrys resources development in the United States oil demand by more than 70% can only rely on imports 5.currency options of the emerging economies the most countries in Asia choose to hold dollars after the Asian financial crisis ( bounds issued by America) 6.The global saving glut and the change of the international capital flow pattern more savings and less options at home tend to invest in the foreign market, espacially in America A. Goods?and?Services positive trade surplus unbalanced B. Income positive trade surplus C. Current transfer positive trade surplus Capital account positive trade surplus B. Financial account positive trade surplus unbalanced Negative Trade deficit 项 目 行次 差额 贷 方 借 方 一.经常项目 1 2,971 14,846 11,874 A.货物和服务 2 2,201 13,333 11,132 a.货物 3 2,495 12,038 9,543 b.服务 4 -294 1,295 1,589 B.收益 18 433 1,086 653 C.经常转移 21 337 426 89 Current account 单位：百万美元 　 Exports of goods and services and income receipts 　 2159000 Imports of goods and services and income payments 　 -2412489 Unilateral current transfers, net 　 -124943 Compare: China is surplus in goods but deficit in services. America is