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China ranks 2nd with 8.8% of world's exports by 2007
2008-10-28
Xinhua
China's share in world's exports reached 8.8 percent by 2007, making it the world's 2nd largest exporter, only after Germany, said the National Statistics Bureau (NBS) on Tuesday.
According to a statement released on NBS website, China's foreign trade has been growing at an average annual rate of 17.4 percent to $2,173.7 billion from $20.6 billion since 1978 when its reform and opening-up began.
With persistent government efforts to boost foreign trade and encourage investment, China's exports rose from $9.8 billion to $1,217.8 billion during the period, and imports gained from $10.9 billion to $956 billion, said the statement.
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