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Thread: Trade surplus exceeds 112.53 billion US dollars, good news or bad news?
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[quote=GRYOKAN,239613]Generally it is good to have a trade surplus - of cos. And China has a history of trade surplus with most of her trading partners. However, humans are jealous - they cannot accept the idea that they need the other more. When China has a surplus, it means that her trading partners have a deficit. Over long term, the trading partners will not be happy and will think of ways to reverse or balance the position with China. This was 1 of the reasons for opium trading by the English that led to the Opium War. Fact is - China has almost everything that most other countries have and do not need to import. Other countries crave for Chinese products, unfortunately. So we will see the other countries compelling China to buy more of their products, even if China doesn't really need them. Or compel China to price their products higher so that they will not be as competitive.[/quote]
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