China's foreign trade to grow by 15 percent this year (Xinhua) Updated: 2005-04-19 21:43
China's total foreign trade volume is most likely to grow by 15 percent this
year to reach 1.3 trillion US dollars mark, Fu Ziying, assistant minister of
commerce, said here Tuesday.
A relatively rapid economic growth will be brought about worldwide in 2005,
despite the global growth rate had lowered from five percent a year ago to
current 4.3 percent, according to the International Monetary Fund. Hence, it
provides a still larger space for China to expand its foreign trade, Fu told
Xinhua at the 97th Chinese Export Commodities Fair being held in southern
Chinese city of Guangzhou.
As the Chinese national economy is in the uphill phase of a new growth cycle
this year, the country's economic strength will be further enhanced and its
foreign trade will continue to maintain a moderate growth, Fu
said.
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