Modern China’s Terms of Trade and its Relationship with Agricultural Product Trade

The index on comprehensive terms of trade of modern China presenting decline trend explains the economic profit of China’s merchandise commutation outward declining continuously.The fluctuation of terms of trade is very small under the influence of rate of exchange and the international price level,and it al- most is free from the influence of the local price level.The fluctuation of terms of trade mainly result fwrm the crack-up of tea and silk and other agricultural product trade.