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China's Foreign Trade Surpassed US$ 400 Bn
Customs statistics indicate that the total volume of import and export trade in the first 11 months reached US$ 430.9 billion, up 33 percent over the same period of last year, China has accomplished its goal of US$ 400 billion one month ahead of time with imports and exports both exceeding US$ 200 billion.
For the first 11 months, exports totaled US$ 227.2 billion and imports reached US$ 203.7 billion, up 30.1 percent and 37.4 percent respectively. The trade surplus hit US$ 23.5 billion. It is predicted that the total volume of foreign trade will reach US$ 475 billion the whole year, a net increase of US$ 100 billion over last year.
In November, import-export volume totaled US$ 43.8 billion, up 20.4 percent over last year's same period. Of the total, exports amounted to US$22.16 billion, up 13.8 percent; and imports to US$ 21.64 billion, up 28 percent, a record high in a single month.
By PD Online staff member Li Yan
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