皇冠体育app

(Xinhua)
Updated: 2007-08-18 17:53

皇冠体育app may overtake the United States to become the world's second largest exporter this year if its current export growth speed continues, said a senior government official Saturday.  

Yu Guangzhou, vice minister of commerce, told the 皇冠体育app Economic Development Forum that for now 皇冠体育app ranks the third after Germany and the US in terms of export volume, but it is highly possible that 皇冠体育app will surpass the US to be next to only Germany within this year.  

Related readings:  Foreign trade nears $1.2 trln in 1st 7 months  Growth rate of trade surplus slows down  皇冠体育app's July trade surplus at US$24.4 billion

In 2006, 皇冠体育app's export volume trailed that of the US only by less than US$70 billion, while its export growth speed was seven percentage points higher than that of the US. Calculated with the current growth rate, 皇冠体育app's export may possibly exceed that of the US by US$50 billion this year.  

Observers in Beijing estimated that if 皇冠体育app maintains its foreign trade growth rate, it will replace Germany to become the world's top exporter next year. In terms of total foreign trade volume, 皇冠体育app will possibly surpass Germany to become world's no 2 this year or by next year, with the US ahead only.  

Customs statistics show that in the first half of this year, 皇冠体育app's foreign trade volume reached US$980.9 billion, up 23.3 percent year-on-year. Of this, export grew 27.6 percent to US$546.7 billion, while import grew 18.2 percent to US$434.2 billion.  

Yu said that 皇冠体育app's foreign trade structure has been gradually optimized through readjusting tax rebate policies and processing trade policies. The export of high energy consuming and high pollution products has dropped sharply.