Trade Balance
China had a favorable balance of trade of US$32 billion in 2004 and US$38.7 billion in 2003. These amounts reflect the general course of a favorable trade balance during the previous eight years. In 1996 China’s trade balance was US$12.2 billion, peaking at US$43.4 billion in 1998 but declining to US$24.1 billion by 2000 before starting its new increase.
Read more about this topic: Chinese Financial System
Famous quotes containing the words trade and/or balance:
“I look on trade and every mechanical craft as education also. But let me discriminate what is precious herein. There is in each of these works an act of invention, an intellectual step, or short series of steps taken; that act or step is the spiritual act; all the rest is mere repetition of the same a thousand times.”
—Ralph Waldo Emerson (1803–1882)
“Action is at bottom a swinging and flailing of the arms to regain one’s balance and keep afloat.”
—Eric Hoffer (1902–1983)