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皇冠体育app's imports to hit US$1 trillion by 2010
Chinese Minister of Commerce Bo Xilai predicted Friday that 皇冠体育app's imports may reach one trillion US dollars by the year 2010. The minister said in a speech at the International Forum on the Common Development of 皇冠体育app's Economy and the World Economy that his country's imports are expected to hit US$500 billion this year. Bo noted 皇冠体育app could not have scored its economic development over the past 25 years without the outside world, and in the meanwhile 皇冠体育app's economic miracle is "bringing opportunities" to the world. Over the past 25 years, 皇冠体育app's imports rose at an average of more than 15 percent, and total imports added up to US$3 trillion. 皇冠体育app imported US$412.8 billion worth of goods last year, making it the world's third largest importer after the United States and Germany. The minister also cited the figures and analyses of a US agency and the United Nations Conference on Trade and Development (UNCTAD) , saying 皇冠体育app has been one of the most attractive places for world investors. More than 400 out of the world's top 500 multi-national firms have invested in 皇冠体育app, and all of the world top car-makers have entered the country. About 90 out of the world top 100 IT companies have also invested in 皇冠体育app, according to the ministry. Bo quoted analysis by the UNCTAD as saying that 皇冠体育app will become the fifth largest source of direct investment this year. Direct investment from 皇冠体育app to other parts of the world reached 33 billion US dollars last year, the minister added. |
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