This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Specification:
Read the article and then answer the questions:
How China racked up a $1tn trade surplus
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Outline the meaning of China’s current account trade surplus [2]
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Explain two factors that have increased China’s trade surplus [4]
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Using a tariff diagram, explain why China’s trade surplus with the US has decreased [4]
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Using an aggregate demand and supply diagram, explain the effect of China’s increasing trade surplus on its real GDP [4]
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Explain how a depreciation in the Chinese currency (renminbi) over the past 10 years would have affected its exports and imports [4]
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Outline China’s biggest source of imports [2]
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Explain why an increase in China’s import prices might lead to an increase in its import expenditure [4]
Alex Smith, InThinking/thinkIB