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balance account English
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News and current affairs
Now, with household debt sustained on a knife-edge after feverish government intervention, the fiscal position has deteriorated dramatically and the current-account balance has worsened again.
The good news is that, following President Hu Jintao's recent visit to Washington, both America and China have been taking positive steps to resolve their differences over the bilateral current-account balance.
For Chinese policy makers, today's market pressures are not high enough to force them to take action, as China still enjoys a decent surplus in its balance of payments, both on current account and capital account.