China's imports and exports of goods will likely amount to US$2.1 trillion
for the whole year, a growth of 20 percent over the year-earlier level,
according to a report released yesterday by the Ministry of Commerce.
The report says in 2006, China's foreign trade stood at US$1.76 trillion, up
23.6 percent year-on-year, ranking third in the world.
External trade has continued to grow rapidly since the beginning of the year,
the report says. Foreign sales of machinery, electronics, textiles and clothing
and footwear posted sustained growth. Trade with major partners, including the
European Union, the United States and Japan, has increased continuously.
According to the report, China realized US$457.7 billion in foreign trade in
the first quarter of this year, up 23.2 percent from a year earlier. The trade
surplus soared 99.4 percent to US$46.4 billion.
The report believes the overall environment is still favorable for China's
foreign trade.
