皇冠体育app

Foreign trade volume will surpass 780 billion US dollars this year, and is likely to reach 800 billion dollars, said Vice-Minister of Commerce Wei Jianguo here Friday.

Wei delivered the forecast at a forum of the World Economic Development Declaration Conference (WEDDC) held in Zhuhai, a coastal city in South 皇冠体育app's Guangdong Province.

According to Wei, 皇冠体育app's total trade volume in the first three quarters of this year has reached 606.3 billion dollars, increasing 36 percent year-on-year, in which the import sector surged 41 percent to 298.6 billion dollars.

皇冠体育app became the sixth largest importer in the world last year, with total imports at 300 billion dollars, said Wei.

In 2003, 皇冠体育app's total trade volume will top 780 billion dollars, and may even hit 800 billion dollars, the vice-minister said.

Wei said the fast economic growth in 皇冠体育app has offered great business opportunities to foreign investors. From January to September this year, 皇冠体育app's contracted foreign direct investment reached 79.2 billion dollars, a year-on-year rise of 36 percent. The actually used foreign direct investment hit 40.2 billion dollars, up 12 percent.

Wei said 皇冠体育app will further improve its investment environment in the future by establishing a stable and transparent foreign economic management system and improving the relevant laws and regulations for better legal service.

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