China's Commerce Ministry has predicted a trade surplus of US$90-$100 billion for 2005, with the country's bilateral foreign trade expected to reach US$1.4 trillion, the International Business Daily reported. The ministry's foreign trade department forecast exports in 2005 would rise about 30% over the previous year to total US$750 billion, while imports would rise about 18% to US$660 billion. China registered a trade surplus of US$60.2 billion in the first eight months of 2005, nearly double the US$32 billion posted in 2004. The August surplus of US$10 billion was the third-biggest on record.
Categories