bwhhisc
11th January 2006, 01:08 PM
From Yahoo news 1/11/06 SHANGHAI, China -
China's trade surplus surged to $101.9 billion in 2005, more than triple the $32 billion gap recorded the year before, according to customs figures released Wednesday.
Exports rose 28.4 percent year-on-year in 2005 to $762 billion, while imports rose 17.6 percent to $660 billion, the General Administration of Customs said in a report posted on its Web site.
With total global trade of $1.42 trillion, China is now the world's third-biggest trading nation, the report said. China announced earlier that it had overtaken Japan in terms of merchandise trade and remained behind the United States and Germany.
COMMENT from me- this is just the tip of the iceberg!
China's trade surplus surged to $101.9 billion in 2005, more than triple the $32 billion gap recorded the year before, according to customs figures released Wednesday.
Exports rose 28.4 percent year-on-year in 2005 to $762 billion, while imports rose 17.6 percent to $660 billion, the General Administration of Customs said in a report posted on its Web site.
With total global trade of $1.42 trillion, China is now the world's third-biggest trading nation, the report said. China announced earlier that it had overtaken Japan in terms of merchandise trade and remained behind the United States and Germany.
COMMENT from me- this is just the tip of the iceberg!