China trade hits $2.97 trillion in 2010, rising 34.7%

12:57, January 10, 2011      

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China’s foreign trade maintained its powerful growth momentum in 2010, as the General Customs Administration reported Monday that the country’s overall trade volume reached US$2.97 trillion, rising 34.7 percent year-on-year.

Of the total trade, exports accounted for US$1.58 trillion, growing 31.3 percent, while imports made up nearly US$1.40 trillion, rising 38.7 percent over 2009.

China's trade surplus last year hit US $183.1 billion, down 6.4% from 2009.

The Customs Administration said on its website Monday that China’s trade surplus is on a continuous decline in the past few years, telling it is moving towards a trend of a gradual balance of trade.

The European Union remains China’s largest trading partner, followed by the United States, Japan, and Asean countries.

By People's Daily Online


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