China'S Foreign Trade Is Second In The World.

Gao Hucheng, Vice Minister of Commerce, said in Hong Kong yesterday that the total volume of foreign trade in the mainland this year is expected to exceed 2 trillion dollars (about 15 trillion and 600 billion Hong Kong dollars), surpassing Germany and becoming the second largest trading country in the world, and 70 of the products are exported to the world in the first place.

However, "big family industry and big trees attract the wind". China has attracted the attention and worries of some countries and regions.

However, a considerable share of the Chinese made products comes from "made in Hongkong", so the trade friction between the two countries will also bring different effects to the Hong Kong businessmen.

He believes that if the mainland and Hongkong strengthen cooperation in dealing with trade frictions, we can achieve resource sharing and complementary advantages.

Gao Hu Cheng attended the seminar on "capacity building for foreign trade relief investigation" in Hong Kong yesterday. He pointed out in his speech that since China's reform and opening up to the outside world, especially after its accession to the WTO, the mainland's economy has been developing rapidly, and foreign trade and economic growth has been increasing rapidly. This year, the total volume of foreign trade in the mainland is expected to exceed 2 trillion dollars, and it has the opportunity to surpass Germany and become the second largest trading country in the world.

In 2006, China was the world's fourth largest economy and the third largest trading nation.

In the past three years, the experts said that the total volume of China's foreign trade this year will reach US $2 trillion and 100 billion (about HK $16 trillion and 380 billion) and its growth rate will be around 20%.

And during the whole "11th Five-Year" period, the growth rate of foreign trade may reach 12% to 15%.

By 2010, China's total foreign trade may exceed the United States and become the world's largest trading power.

Gao Hucheng said that some international economists have pointed out that at present, the focus of global economic development is shifting from the west to the East, and the mainland economy has become an important driving force for the development of the world economy.

Now, the average person in the world wears a pair of shoes made in the mainland every year to buy cloth of 2 meters in real estate, and 3 of them come from the mainland.

The mainland's color TV, washing machines, refrigerators and more than 70 kinds of industrial products and exports ranked first in the world.

Sales of green onion accounted for nearly 100% of the industry. People in the industry said that since China's accession to the WTO, China's foreign trade has entered a period of rapid growth. China has not only a large volume of trade, but also a large proportion of some products in the world's similar products, and has a higher degree of concentration in some countries and regions.

For example, China's scallion accounts for 99.2% of Japan's total imports; footwear products in the US, EU and Japan share 60%, 20% and 67% respectively; and furniture is 50% of the EU's import market.

The seminar was co sponsored by the Ministry of Commerce, import and export trade, the Ministry of Commerce and the Ministry of Commerce, the Ministry of Commerce and trade and the Hongkong Trade Development Council. Representatives of the Ministry of Commerce and many senior legal experts from Hongkong and Mainland China have invited the Ministry of Commerce to explain the latest international trade frictions and explore effective strategies.