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China set to become fourth largest global trader
Beijing, Dec 05: China is poised to become the world`s fourth largest trader, following US, Japan and Germany, the state media reported today.
Beijing, Dec 05: China is poised to become the world's fourth largest trader, following US, Japan and Germany, the state media reported today.
Export and import volumes of China have totalled about 800 billion US dollars since January, Vice Minister of Commerce, Wei Jianguo said.
At that rate, China's rank in the world trading community will rise to fourth by the end of the year, replacing France, he said. The export boost is driven a sharp rise in the shipment of machinery and electronic items, which is likely to exceed 190 billion US dollars by year-end, Wei said.
Meanwhile, China's inflow of Foreign Direct Investment (FDI) remains robust. Total actual FDI was 43.56 billion USD in the January to October period, a rise of 5.81 per cent from a year earlier, 'China daily' reported.
Bureau Report
At that rate, China's rank in the world trading community will rise to fourth by the end of the year, replacing France, he said. The export boost is driven a sharp rise in the shipment of machinery and electronic items, which is likely to exceed 190 billion US dollars by year-end, Wei said.
Meanwhile, China's inflow of Foreign Direct Investment (FDI) remains robust. Total actual FDI was 43.56 billion USD in the January to October period, a rise of 5.81 per cent from a year earlier, 'China daily' reported.
Bureau Report