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This is the part of balance of payment


This is the part of balance of payment.
Simply speaking, balance of payment refer to the flow of money into or out of a country .Balance of payment is an accounting statement which measures all financial and economic transcations between domestic and foreign residents over a specified peorid of time. The second part is the standard components of balance of payment.There are two accounts. The current accounts and the capital and Financial Accounts. The current account summarizes the flow of capital between one specified country and all other countries due to the purchases of goods or services, the provision of income on financial assets, or unilateral current transfers (e.g. government grants and pensions, private remittances). The current account balance is the sum of the debit and credit entries in the accounts just described. It pertains to goods, services, income and current transfers. The capital and financial account tabulates the flows of financial asset between domestic and foreign resident and between the government of the two countries. It pertains to capital transfers, acquisition or disposal of nonproduced assets, nonfinancial assets, financial assets and liabilities. Now, Let us talk about the China’s Balance of payment. Except the two accounts which I had mention before, there are also the omission and misrecorded transcations, so we use a “plus” figure to get things to balanced. There are the significance of the balance of payment. ?National Level ?Judging the external equilibrium of a country ?telling the structure of the domestic economy ?understanding the openness of a country ?Corporate Level ?Forecasting international competitiveness ?Judging pressure placed on exchange rate ?Signaling possible imposition of capital controls

Balance of Trade
Balance of trade is a very complex conception.According to the official explanation,say wikipedia, is the difference between the monetary value of exports and imports of output in an economy over a certain period, measured in the currency of that economy. It is the relationship between a nation's imports and exports. Measuring the balance of trade can be problematic because of problems with recording and collecting data. As an illustration of this problem, when official data for all the world's countries are added up, exports exceed imports by almost 1%; it appears the world is running a positive balance of trade with itself. This cannot be true, because all transactions involve an equal credit or debit in the account of each nation. The discrepancy is widely believed to be explained by transactions intended to launder money or evade taxes, smuggling and other visibility problems. However, especially for developed countries, it is likely the transaction statistics are accurate. Factors that can affect the balance of trade include:
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The cost of production (land, labor, capital, taxes, incentives, etc.) in the exporting economy vis-à -vis those in the importing economy; Exchange rate movements;(to make it more understandable,for instance,when the RMB yuan appreciates US dollar.It means that Yuan is more valuable.It is no doubt that we will imports more goods from US.Thus we call this circumstance trade deficit when the imports exceed the exports.Or we can also call it negative balance.)

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Multilateral, bilateral and unilateral taxes or restrictions on trade; Non-tariff barriers such as environmental, health or safety standards;


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