Chinese Imports and Exports between 2002 and 2006

As can be seen in Figure 1, the Chinese exports and imports did not remain steady in the period. Both exports and imports, although having dips in January 2004, rose sharply and reached a local maximun, to about 38 and 32 billions dollars, in the middle of 2004. Then both declined eventually and reached the low points at about 35 and 30 billions in the end of 2004. After January 2005, the imports, although fluctuating during this period, rose gradually and reached the peak in July 2006. The exports in the same period, however, rose sharply after the middle of 2005 and reached a peak at about 40 billions in the end of 2005. After the peak, the exports suddenly fell off to 37 billions in the beginning of 2006. Before September 2006, the exports fluctuated most of the time.