HISTORY
IMPERIALISM ASIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The chinese when trading had what over an agreement
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trading shortage
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trading surplus
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trade deficit
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trade balance
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Explanation:
Detailed explanation-1: -That translates into a trade surplus of $877.6 billion, surpassing 2021’s record of $676 billion. The huge trade surplus was thanks to strong export growth during the first quarter of 2022, as a weak Chinese currency and rising prices of goods helped boost the value of exports.
Detailed explanation-2: -A trade surplus implies there is high demand from overseas for a country’s goods and services, which tends to push their prices up and contribute to a strengthening of the domestic currency.
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