Chinese Import to Top 1.3 Trillion Dollars in Five Years

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Tuesday, April 18, 2000, updated at 09:41(GMT+8)

Business

Chinese Import to Top 1.3 Trillion Dollars in Five Years

China is going to import US$ 1.3 trillion worth of goods within five years, announced Li Rongrong, vice minister of the State Economic and Trade Commission on April 16.

Last year, China's foreign trade volume ranked ninth in the world or 3.5 percent of world trade. China is also the second foreign capital user after the United States.

Li said that from 2001, China will start implementing the first five-year plan of the new century, focusing on further restructuring the economy which will create enormous business opportunities for overseas investors.

China will further open its finance, tourism, accounting and legal consultation services to overseas investors and further improve the legal system regarding overseas investment.

Li hopes that more overseas businesspeople will invest in China, especially in its western regions.


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	China is going to import US$ 1.3 trillion worth of goods within five years. Last year, China's foreign trade volume ranked ninth in the world or 3.5 percent of world trade.




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