China is third largest global trade power

From “China registered a 35.7 percent surge in foreign last year, with a total volume of $1.15 trillion, making it the world’s third largest trading power after the US and Germany, reports Xinhua.

According to China’s commerce ministry, exports in 2004 ballooned to $593.4 billion, reflecting a year-on-year increase of 35.4 percent. Imports rose 36 percent to $561.4 billion.

The yearly surplus came to $32 billion against the previous year’s $25.5 billion.”

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