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China : EU & US imports grew over 20% |
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2006-7-19
China's foreign trade is expected to exceed last year's record surplus of US $101.9 billion as noticed due to an increase of 15 percent this year to between $1.6 trillion and $1.7 trillion, according to the Ministry of Commerce.
Due to brisk global demand for Chinese products and the ongoing migration of industries from developed to developing nations China has surplus trade balance.
Imports from the European Union and the United States had risen to 20.9 percent and 21.7 respectively.
Against the international average of 10 percent, China's trade imbalance ratio was only 7.7 percent, way below that of some developed nations, such as Germany.
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