China Sets Foreign Trade Target at US$2,000 Billion by 2020

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Last updated at: (Beijing Time) Wednesday, November 13, 2002

China Sets Foreign Trade Target at US$2,000 Billion by 2020

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Chinese Minister of Foreign Trade and Economic Cooperation Shi Guangsheng on Wednesday set a target for the country's foreign trade volume at 2,000 billion US dollars by the year 2020, quadruple of current foreign trade figures.

Shi said at a press conference organized by the media center for the 16th National Congress of the Communist Party of China that such a target is a "grand" one that will take arduous efforts to reach.

That means China's foreign trade will have to grow at an annual average of 7.2 percent from now on, he said.

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