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

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.

People's Daily Online ---