Others News
- Foreign trade to jump 24%
Date: 4-Jan-2007 Sources: (Shenzhen Daily)
CHINA'S imports and exports in 2006 will exceed US$1.75 trillion, up 24 percent or US$330 billion from 2005, according to the Ministry of Commerce.
The figure is close to the ministry's previous forecast of US$1.758 trillion.
However, the ministry did not reveal the December figures.
The ministry previously projected that the country's exports in 2006 would reach US$963 billion, up 27 percent from 2005, and imports would hit US$795 billion, up 20 percent.
Since China's aggregate trade surplus surged to US$156.521 billion through November, dwarfing the US$102 billion for the full year of 2005, the projections would mean the December trade surplus would plummet from November's US$22.9 billion to US$11 billion.
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