China’s foreign trade to top 4 trillion USD in 2015: CCOIC head

Posted on Dec 13, 2010 in AllEconomic News
China’s foreign trade is expected to grow to $4 trillion in 2015, from $2.21 trillion in 2009, says the head of the China Chamber of International Commerce (CCOIC).

“However, the large trade volume doesn’t mean its quality is high. China must accelerate the pace of transforming itself from a big manufacturer to a strong one,” said Wan Jifei, president of the CCOIC.

Chinesebrands accounted for only about 20 percent of the country’s total export volume, and the unreasonable industrial structure was putting heavy burden on the environment, said Wan.

“During the 12th Five-Year Plan (2011-2015) period, China should work to reduce exports of low value-added goods and improve the structure of imports,” he said at the annual CCOIC conference in Beijing Friday.


China’s foreign trade to top 4 trillion USD in 2015: CCOIC head – People’s Daily Online.