China's balance of payment (BoP)surpluses in the past three years exceeded all of its previous surpluses. Between 2003 and 2005,these totaled US$530.5 billion, or 9 percent of GDP, per annum.During Taiwan region's peak years from 1985to 1987, it averaged 22.6 percent of GDP, while Thailand's BoP surplus averaged 3.9 percent of GDP from 1988 to 1995. As with other East Asian economies in the past, China's BoP surplus is due to surging exports and capital inflow.