This chart from China Daily, shows just how tiny China's trade surplus has become. It amounted to just $173 billion in the last twelve months, which sounds like a lot but is actually just 4% of the country's 4.33 trillion GDP. This could even get smaller if current trends continue.
This shows how from a Chinese perspective arguments about unfair trade seem ridiculous these days. Germany, for example had a trade surplus of about $184 billion (136.1 billion euros) in 2009, amounting to 5% of its $3.65 trillion GDP.
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See Also:
- Goldman: It's Amazing How Markets Are Taking A Massive Beating From All Sides But Still Standing
- 15 Facts About China That Will Blow Your Mind
- Economist Rogoff Who Predicted The U.S. Crisis And A European One, Now Predicts A China Collapse
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