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Foreign Trade Surplus in China Triples |
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Written by Administrator
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Thursday, 12 January 2006 |
The foreign trade surplus of China tripled in 2005, recorded as $101,9 billion.
The Chinese Customs Department in a recent report announced export rose
28.4 percent, becoming $762 billion. Import increased by 17.6 percent
and closed the year at $660 billion. With these figures, the growing
economy of giant Asia totaled a $1.42 trillion foreign trade volume.
The report says the foreign trade surplus increased 25 percent and completed the year with $200 billion.
The biggest trading partner of China is the European Union, noted the
report, saying that trade with the EU also increased and reached
approximately $217,3 billion; a 22.6 percent jump. China has thus
become the world's third biggest trader. |
