China breaks Crowther’s mold. Given that it has been running an investment-income deficit, a trade surplus, and current-account surplus, it seems that it should be classified as a “debtor-repayer.”
然而中国却打破了克劳瑟的模式。考虑到该国已经出现了投资账户逆差，贸易顺差以及经常账户顺差，似乎应该将其归入到“债务国-偿还国”的行列。但中国却是一个净债权国。如果中国在拥有近2万亿美元净资产的情况下却出现了投资收入逆差，它又如何能转型为一个投资收入顺差呢？