Hindustantimes.com January 20, 2002 Sunday
China's foreign trade surpasses $ 500 billion in 2001 PTI Beijing , 11-01-2002 China's total foreign trade volume has touched a record $ 509.77 billion in 2001, an increase of 7.5 per cent from 2000, latest customs figures said on Friday. Of the total, exports were valued at $ 266.16 billion, up 6.8 per cent; and imports totalled $ 243.61 billion , up 8.2 per cent. The year 2001 saw a favourable balance of $ 22.55 billion, the general administration of customs said. In month of December 2001, the foreign trade volume grew 8.1 per cent to $ 46.89 billion with exports up 11.5 per cent to $ 24.5 billion and imports up 4.6 per cent to $ 22.39 billion, leaving a favourable balance of $ 2.11 billion. Experts said the 7.5 per cent growth in total foreign trade and the 6.8 per cent growth in Chinese exports in 2001 were satisfactory considering the sluggish state of the world economy, especially China's main markets in Japan and the United States. Meanwhile, China's total tax revenue in 2001 reached 1,517.2 billion yuan ($ 182.8 billion) fulfilling the year's target by 113.1 per cent. The figure represents an increase of 19.8 per cent or 251.1 billion yuan ($ 30 billion) from the previous year, commissioner of the state administration of taxation, Jin Renqing said. Send your feedback at [EMAIL PROTECTED] �Hindustan Times Ltd. 1997. Reproduction in any form is prohibited without prior permission. For reprinting rights, please write to us
