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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2288)	12/29/2003 8:00:56 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China set to be world's 4th biggest trader Its total trade this year likely to top US$840b: minister (BEIJING) China's foreign trade is expected to top US$840 billion this year, up 35 per cent from 2002 and making the nation the world's fourth biggest trader, a leading trade official said yesterday. According to Vice-Trade Minister Yu Guangzhou, China's exports will top US$430 billion, while imports will be valued at about US$410 billion this year, the China News Service reported. Mr Yu, speaking at a nationwide trade meeting, said China's dynamic trade performance was based on the country's fast-paced economic growth, a domestic market with a large potential and a cheap labour force that is becoming stronger and more skilled. Adjustments in global demand and supply were also benefiting China, while China was also importing more goods to feed a growing domestic consumer market, he said. China's entry into the World Trade Organization has also boosted trade as it resulted in China's import tariffs falling and non-tariff measures being removed, he added. business-times.asia1.com.sg