ut at the end of Song Dynasty， just decades before the Chinese were invaded and defeated by Mongolians， China became the main exporter in Asia and it was one of the several periods when China was weak. Historians cannot simply conclude this as coincidence.
Recent history tells the same story. The end of 19th century was a nightmare for the ancient nation. Many blamed the trade deficit that resulted from opium trade as the plague which caused the weakness of China’s economy in the late Qing Dynasty. However， if we put opium trade aside， China was still a large exporter in the world while it imported little from the outside world. At some point， China’s trade partners had to use opium as a way to pay for their trade deficit with China. Earlier， in the middle of the 18th century， China could produce enough opium for domestic market and also become an exporter in normal definition， but it didn’t help China to be a stronger nation at all. When China launched its first industrialization campaign， it’s trade soon turned into red again， but this happened during the last struggle of Qing Dynasty in its dying years.
After its opening－up in 1978， China was in the red again for eleven years， with the exception of 1983. The government is implementing of a strategy of stimulating exports initially from China’s opening－up. It is a reasonable policy for a post－communism economy which is lack of an efficient fiancé system and a minimum－required foreign currency reserve.
Since 1990， China has been chalking up trade surplus with the exception of 1993. In 2004， the trade surplus of China amounts to ＄70 billion， of which ＄58.6 billion from Sino－US trade. With its expanding of trade surplus， its economic rapid growth continues for decades. At the same time， Chinese factories are famous for dumping cheap goods from advantages of its low－cost labors and poor environment standard. After all， China is developing， much faster than EU， US， Japan or any other major power of