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  16th Party Congress  
     
     
  China's foreign trade totals US$ 500 billion
(11/12/2002)

China's foreign trade came to a total value of 500.26 billion US dollars in the January-October period, up 19.7 percent from the same period last year, according to the latest official statistics.

In the past 10 months, China achieved a trade surplus of 24.74 billion US dollars, with exports reaching 262.5 billion US dollars, up 20.6 percent from a year ago, and imports coming to 237.76 billion US dollars, up 18.7 percent.

Electro-mechanical exports have soared to 125.57 billion US dollars, up 30.4 percent from the same period last year.

Traditional export items, including textiles, garments and plastic products, still remained the leading export items with two-digit growth rates.

Imports dropped in some items like soybeans and petroleum products, but soared in some items like cars and steel. China imported 100,000 cars and 20.57 million tons of steel in the past 10 months, up 55.4 percent and 45.5 percent from the figures a year ago.

Some experts predict that China's foreign trade volume will top 600 billion US dollars this year.

(Xinhua)
 
     
     
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Jiang Zemin, in his report to the 16th National Congress of the Communist Party of China, said the Party's door is open to all positive factors of the society, including private entrepreneurs, foreign-invested firm employees, self-employed businessmen and freelance professionals, he also said that the Party should advance with the times. What's your opinion?

 
     
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