Since China’s external surplus is already down to less than 2% of GDP, a decline in domestic saving could result in China beginning to run a current-account deficit. In that case, China would no longer be a net buyer of foreign bonds and other assets.
由于中国外部盈余已经降到了GDP的2%以内，国民储蓄的下降有可能会导致中国开始出现经常账户赤字。在这种情况下，中国将不再是一个外国债券以及其它资产的净买家。如果中国想要继续投资外国企业及自然资源，它就要不断净卖出其投资组合中的债券。