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China's import jumped 55% in December PDF Print E-mail

Monday, 11 January 2010

China imported 112.3 billion USD of goods in December, a jump of 55.9% over the same period of 2008. It is the all time high in China's import history, underlining Chinese government's effort of boosting domestic consumption and addressing its trade surplus.

Total export was 130.7 billion USD in December, an increase of 17.7% over December 2008. Even though total import is still lower than export, the direction is very encouraging. As can be seen from the chart, ever since China's international trade started its recovery from January 2009, its import has been growing faster then its export, except only a few months.

For the whole year, China's total trade was 2,207.3 billion USD, down about 13.9% from 2008, a little higher than 2007. Export totaled 1,201.7 billion USD, and import was 1,005.6 billion USD, down 15.9% and 11.2% respectively.

Euro zone, the U.S., and Japan remained China's number one, two, and three trading partners for 2009, with trading value of 364.1 billion, 298.3 billion, and 228.9 billion USD respectively.

 

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