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China's import and export trade has witnessed a steady growth this year. It is predicted that the total import and export volume will exceed US$500 billion for the first time, an increase of 7 percent over last year.
Export growth rate will not be lower than 5 percent and import growth rate will stand at 8 percent.
According to news from the Ministry of Foreign Trade and Economic Cooperation, from January to November this year, the total import and export volume reached US$ 462.277 billion, an increase of 7.4 percent. Exports hit US$ 241.57 billion, up 6.3 percent over the same period of last year, import topped US$221.2 billion, up 8.6 percent.
The accumulated trade surplus reached US$ 20.3 billion. China continues the good momentum in trade surplus.
By the end of November this year, foreign reserve topped US$ 208.31 billion, a jump of US$ 42.74 billion over the same period of last year.
(People's Daily December 30, 2001)
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