China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (4509)	3/6/2005 7:42:37 PM
From: RealMuLan	Read Replies (1) of 6370

China expects 15 percent hike in trade: [World News]: BEIJING, March 6 : Chinese officials have predicted that the country's foreign trade will grow by 15 percent this year. Xinhua, the official government news agency, said a report on the national economic and social development plan was submitted to the National People's Congress Saturday.The report says growth in the domestic economy should stimulate demand for imports while growth in the global economy and the end of restrictions on foreign trade should increase exports. On other hand, rising oil prices and increases in prices for other raw materials as well as international friction because of China's vastly increased export volume could slow foreign trade. "Setting the target at 15 percent should help push enterprises to accelerate change in the pattern of their foreign trade growth, improve their import and export mix, and raise the quality and level of their foreign trade growth," the report said. - -- Copyright 2005 by United Press International. newkerala.com

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