China's foreign trade will strive to achieve positive growth in 2010, and the total trade value would increase by about 8% from last year, according to a report by the Ministry of Commerce.
Foreign trade is an important driving force for China's economic development. Last year, due to the negative effects of the global financial crisis, China's foreign trade value fell 13% year on year to US$2.21 trillion.
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However, the country's export turned to growth in the fourth quarter after recording decline for three consecutive quarters. In January, China's import and export value continued to grow and recorded a surge of 44.4% from the same month of last year.
China's foreign trade will post significant growth this year, as long as the domestic and international situation remains stable, said Vice Minister of Commerce Zhong Shan. (Edited by EnergyChinaFroum.com. For more information, please email to: info@energychinaforum.com)
(Reuters, Mar 9 ,2010)
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