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the　red　was　also　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　a　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