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Do you have an example where China implemented a trade agreements that resulted in significant trade balance surplus for the trading partner? (aside from energy
by qaq 10y ago
Do you have an example where China implemented a trade agreements that resulted in significant trade balance surplus for the trading partner? (aside from energy)
- jobu 10y agoChina has been doing some pretty complex deals with countries all across Africa - financing and building hydroelectric dams and other massive infrastructure buildouts. These are long-term deals that often include concessions for oil or other natural resources, so it's difficult to pin them down to a clear surplus/deficit.
- qaq 10y agoGenerally in such deals Chinese companies are the contractors doing the work and suppliers of goods, so again outside of energy I don't think China implemented any agreements that provided surplus for the trading partner.
- jpollock 10y agoNew Zealand has a trade surplus with China. NZ was in the TPPA, but already have a FTA with China. They were trying for one with the US, but the US preferred the TPPA. [1][2] Since the China FTA came into effect, China has replaced the US as NZ's number 1 trading partner. The US is 4th on that list.[3] Actual graph showing surplus: [1]http://thediplomat.com/2014/01/feeding-the-dragon-lessons-of-the-new-zealand-china-fta/ http://thediplomat.com/2014/01/feeding-the-dragon-lessons-of... [2] http://www.stats.govt.nz/browse_for_stats/industry_sectors/imports_and_exports/trade-china-tripled-decade.aspx http://www.stats.govt.nz/browse_for_stats/industry_sectors/i... [3] http://www.stats.govt.nz/browse_for_stats/snapshots-of-nz/nz-in-profile-2015/trading-partners.aspx http://www.stats.govt.nz/browse_for_stats/snapshots-of-nz/nz...
- qaq 10y agoOK I stand corrected Energy and Food but New Zealand is definitely more an exception then a norm. We are running close to 400b trade deficit with China.