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lso just when the ‘middle kingdom’ was at its peak during that dynasty.

    For example, during Han Dynasty, a ran a trade deficit for turies with neighb tries, and it was also the time a became the ter of the Asia. Another obvious example is the Tang and Song Dynasty (from 7th tury to 11th tury), when a was again in a trade deficit with nearly all its neighbors. a was then experieng shes of gold, silver or even bronze, but none of this had blocked the red dragon from being the stro nation at that time. But at the end of Song Dynasty, just decades before the ese were invaded aed by Mongolians, a became the main exporter in Asia and it was one of the several periods when a was weak. Historians ot simply clude this as ce.

    Ret history tells the same story. The end of 19th tury was a nightmare for the a nation. Many bmed the trade deficit that resulted from opium trade as the pgue which caused the weakness of a’s ey ie Qing Dynasty. However, if we put opium trade aside, a was still a rge exporter in the world while it imported little from the outside world. At some point, a’s trade partners had to use opium as a way to pay for their trade deficit with a. Earlier, in the middle of the 18th tury, a could produough opium for domestic market and also bee an exporter in normal definition, but it didn’t help a to be a stronger nation at all. When a us first industrialization campaign, it’s trade soon turned into red again, but this happened during the st struggle of Qing Dynasty in its dying years.

    After its opening-up in 1978, a was in the red again for eleven years, with the exception of 1983. The gover is implementing of a strategy of stimuting exports initially from a’s opening-up. It is a reasonable policy for a post-unism ey which is ck of an effit fiancé system and a minimum-required fn currency reserve.

    Since 1990, a has been chalking up trade surplus with the exception of 1993. In 2004, the trade surplus of a amounts to
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