Trade deficit (贸易逆差 mào yì nì chā) is a measure of trade balance where the difference (差别/差 chā bié/chā) of total value between a country’s exports and its imports is negative (负/逆 fù/nì). Also see: trade (贸易 mào yì); customs union (关税同盟 guān shuì tóng méng); trade agreement (贸易协定 mào yì xié dìng).
Part 1: Breakdown of Words
- “Trade” (贸易 mào yì) as in “trade agreement” (贸易协定 mào yì xié dìng), or “trade balance (贸易差额 mào yì chā é).
- “Deficit” (逆差 nì chā, or 赤字 chì zì) as in “budget deficit” (预算赤字 yù suàn chì zì).
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