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The current account surplus reached a new high last year.
The government is loosening fiscal policy after the budget surplus reached 14% of GDP last year.
China's total current-account surplus reached an estimated $250 billion, or 9% of GDP, up from only 1% in 2001.
China's global trade surplus reached $240 billion, and its foreign-currency reserves, the largest in the world, reached $3.66 trillion.
For 2009, the country's trade surplus reached a record $41 billion as imports dropped 25.8 percent while exports declined 13.8 percent, the ministry said in a statement.
The current-account surplus reached 2.6% of GDP in 2006, and will be 1.6% this year.The international community has recognised this progress in consolidating macroeconomic stability and growth.
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If the surplus reaches $600 million, as some project, that could mean a total of $85 million.
As before, we know that (t_{1}) is the time that the surplus reaches △ for the first time from (0leq u
For (0leq usurplus reaches △ for the first time from (0leq u
We prove that the proposed mechanism has the following desirable properties: (i) truthful bidding is the dominant strategy for each user on each day; and (ii) the permit allocation pattern under the mechanism converges to an approximate dynamic system optimal allocation pattern in the sense that the achieved so- cial surplus reaches its maximum value when the number of users is large.
Mr Zapatero claims that the budget surplus has reached a record-breaking 2% of GDP.
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