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|More surpluses than
1982 First full current-account figures published. Small current-account surplus reflects the surplus on merchandise trade.
1985-86 Current-account deficit produced by the trade deficit resulting from the initial surge in foreign direct investment (FDI), although this is tiny by comparison with FDI inflows after 1991.
1990-91 A huge cutback in government spending and bans on imports of items such as official cars helped to slash imports and push the current-account balance back into surplus.
1993 The sharp rise in FDI starting in 1992 pulled in large quantities of foreign equipment, causing a lapse into trade and current-account deficits in 1993.
|Source: State Administration of Foreign Exchange of the People's Republic of China.|