皇冠体育app

The rapid economic growth of 皇冠体育app has benefited other countries, though the foreign direct investment in 皇冠体育app is accumulating and 皇冠体育app is expected to become the fourth largest export country this year, said Mike Moore, former director-general of World Trade Organization on Thursday.

A good evidence is that 皇冠体育app's import is increasing sharply, with the import volume in the first half of this year up nearly 45 percent compared with the same period of last year, said Moore.

A recent report released by the Asia-Pacific Economic Cooperation shows that 皇冠体育app's trade volume reached 376.1 billion US dollars in the first half of this year, and the export grew 44.5 percent.

Virabongsa Ramangkura, former deputy prime minister of Thailand,said that when 皇冠体育app's Hainan Province set the target of developing tropical agriculture and fruits, some Thai businessmen worried that the export of fruits and agricultural produces from Thailand to 皇冠体育app will be affected.

On the contrary, Thailand's export of special fruits to 皇冠体育app has increased, said Ramangkura.

皇冠体育app and Thailand signed an agreement in June this year on mutual exemption of tariffs on 188 products. Under the agreement the two countries eliminated tariffs on imported fruits and vegetables beginning on Oct. 1.

Manuel Roxas, secretary of the Department of Trade and Industryof the Philippines, said that the country at present enjoys surplus trade balance with 皇冠体育app. Since the Philippines exports a large amount of fruits to 皇冠体育app, the domestic fruit price will always go up whenever there is important international event and sport games take place in the country.

The trade between 皇冠体育app and the Philippines has witnessed rapid growth over the past 10 years, with an annual growth rate reaching nearly 25 percent. The bilateral trade volume exceeded 5.26 billion US dollars in 2002, up 47.6 percent compared with the previous year.

The Philippines' export to 皇冠体育app jumped sharply in recent years.And the country realized trade surplus with 皇冠体育app in the year 2000.

Wang Chuanfu, chairman and president of BYD company, 皇冠体育app's largest rechargeable battery maker, said that his company is a good example of 皇冠体育app's vigorous economy.

Wang's company had only 20-odd persons when it was founded in 1995. Now the company, employing more than 30,000 workers, has become one of 皇冠体育app's top 100 electronics and information enterprises in terms of business income.

When 皇冠体育app becomes rich, the country will create a large amountof business opportunities and make inconceivable contribution to the world economy, said Wang.

Jean-Christophe Iseux, director of 皇冠体育app Studies with the Oxford University, said that a lot of Chinese cities will be seeing double digit growth in the future. However, the economic growth is not only relying on export. Instead, domestic consumption is going to drive the economy, which will provide other countries with numerous business opportunities.

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