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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: RealMuLan who wrote (53211)9/10/2004 3:54:57 PM
From: RealMuLan  Read Replies (1) of 74559
 
China's imports to hit US$1 trillion by 2010
(Xinhua)
Updated: 2004-09-11 01:32

Chinese Minister of Commerce Bo Xilai predicted Friday that China's imports may reach one trillion US dollars by the year 2010.

The minister said in a speech at the International Forum on the Common Development of China's Economy and the World Economy that his country's imports are expected to hit US$500 billion this year.

Bo noted China could not have scored its economic development over the past 25 years without the outside world, and in the meanwhile China's economic miracle is "bringing opportunities" to the world.

Over the past 25 years, China's imports rose at an average of more than 15 percent, and total imports added up to US$3 trillion. China imported US$412.8 billion worth of goods last year, making it the world's third largest importer after the United States and Germany.
chinadaily.com.cn
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