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China's Foreign Trade Maintains Good Development Momentum: Minister
Foreign Trade Minister Shi Guangsheng said Tuesday that China still maintains a good momentum of steady development in foreign trade and economic cooperation judging from the progress made in January-February this year.

Shi, minister of foreign trade and economic cooperation, said China's foreign trade volume reached 75.729 billion U.S. dollars in the first two months of this year, up 8.8 percent on a yearly basis. Of the total, exports jumped 14.1 percent to 40.84 billion U.S. dollars and imports grew 3.2 percent to 34.889 billion U.S. dollars.

In the two months, China absorbed 11.449 billion U.S. dollars in contractual foreign investment and used 5.874 billion U.S. dollars, up 24.41 percent and 28.37 percent year on year, respectively, Shi said in a press release issued at a press conference Tuesday afternoon.

Shi expressed confidence that China's accession to the World Trade Organization will inject new vigor into China's reform and opening-up, and push forward the Chinese economy and foreign trade and economic cooperation for new development.

(Xinhua News Agency March 13, 2002)

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