Six Factors Backing up China’s Foreign Trade, Over 80 Products’ Output Leaping to First in The World

2004-07-27 14:58

Yu Guangzhou, Vice Minister of Commerce, said on July, there were six factors to support good development of China’s foreign trade. Yu analyzed that the six factors included: Effective macro control; the recovery of world economy and improved international climate; increased domestic investment and prosperous import; interaction of FDI and trade; deepening system reform and structure adjustment and enhanced export competitiveness; reform of export tax refund mechanism and improved policy environment. According to Customs, import and export totaled US$ 523 bln from Jan to Jun, up 39.1% year-on-year, of which export was US$ 258.1 bln, up 35.7%; import US$ 264.9 bln, up 42.6%. (Information by Network Center of MOFCOM)