On this assignment, you will develop your capacity to effectively and clearly summarize the main argument of a text and develop your critical reading skills. You will also use the information from the article to create your own thoughts about the issue and improve your capacity to develop your own ideas and expressing them in writing.. TASK Read the article from the link below. https://www.cfr.org/blog/chinas-coming-current-account-deficit (https://www.cfr.org/blog/chinas-comingcurrent-account-deficit) After reading the article make a summary of no more than 500 words. To do an effective summary, you must make a choice on what information you include and which you leave out, so that you don’t exceed the word limit. Begin by stating what is the main hypothesis/claim of the article and discuss the facts and arguments presented to support the main hypothesis. Then discuss your own thoughts on the perspective for the future of China’s current account balance. What policy would you recommend? Give a brief justification for your recommendation (please try to use mostly economic arguments). You can work on the assignment with others but everyone should write and submit their separate assignment answers. Put your name, student ID number on your answer. Tips for writing a Summary Start by looking at the text overall structure. Read the introduction for the main claim and the conclusion to see what was the article’s contribution to understanding the main claim or hypothesis. Find points supporting the main claim. The first sentence is typically enough to get the general meaning of a paragraph. 27/01/2021 Written Assignment 1 (Due January 31st) https://canvas.sfu.ca/courses/60680/assignments/607692 2/2 An effective summary: Conveys the basic point of the text in a short and easy to understand format. Only includes content from the original text Does not include quotes or citations Does not include your opinion. FORMAT Your commentary should be 300- ‐600 words. Assignments that are shorter or longer will lose marks. The last item in your commentary should be a word count in parentheses – e.g. “(490 words).” Prepare your assignment in any format – you will submit it by cutting and pasting what you write into a text box in Canvas. No pictures or graphs can be included. All words.