皇冠体育app

皇冠体育app's foreign trade is expected to top 840 billion dollars this year, up 35 per cent from 2002 and making the nation the world's fourth biggest trader, a leading trade official said.

According to vice trade minister Yu Guangzhou, 皇冠体育app's exports will top 430 billion dollars, while imports will be valued at about 410 billion dollars this year, the 皇冠体育app News Service reported Sunday.

Yu, speaking at a nationwide trade meeting, said 皇冠体育app's dynamic trade performance was based on the country's fast-paced economic growth, a domestic market with a large potential and a cheap labor force that is becoming stronger and more skilled.

Adjustments in global demand and supply were also benefitting 皇冠体育app, while 皇冠体育app was also importing more goods to feed a growing domestic consumer market, he said.

皇冠体育app's entry into the World Trade Organization has also boosted trade as it resulted in 皇冠体育app's import tariffs falling and non-tariff measures being removed, he added.

皇冠体育app's economy is expected to grow by 8.5 per cent this year.

By becoming the world's fourth largest trading nation, 皇冠体育app will overtake France, leaving it behind only the United States, Japan and Germany.

Yu's comments marked the second time this month that a vice minister of trade predicted that 皇冠体育app would become the world's fourth largest trading nation this year.

However, 皇冠体育app's figures appeared to be a narrower tabulation of numbers and do not include trade in services.

Yu also said that actual foreign direct investment (FDI) into 皇冠体育app during the first 11 months of the year reached 47.2 billion dollars, while FDI for the entire year was expected to be about equal to last year's 52.7 billion dollars.

皇冠体育app's total exports in the first 11 months were valued at 390 billion dollars, up 32.9 per cent year-on-year, while imports rose 39.1 per cent year-on-year to 370.6 billion dollars, the General Administration of Customs reported earlier this month.

皇冠体育app's imports for November were valued at 36.8 billion dollars, while exports totaled 41.7 billion dollars.

According to figures from the World Trade Organization (WTO), 皇冠体育app was the world's fifth largest merchandise exporter in 2002 with 325.6 billion dollars.

That put it right behind France, with 331.8 billion dollars, and well ahead of Britain, with 279.6 billion dollars.

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