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China's trade with APEC up 21%

(China Daily)
Updated: 2006-11-17 05:49

China's trade with members of Asia Pacific Economic Co-operation (APEC) surged 21 per cent from last year to reach US$835.5 billion in the first nine months of this year, the Ministry of Commerce said on Wednesday.

"Trade ties between China and APEC have become closer and closer in recent years", the ministry's spokesperson Chong Quan said at a press conference.

APEC has become a major trade partner for China, with trade between the two parties standing at US$960.8 billion in 2005.

APEC also accounted for 71 per cent of contracted overseas investment in China in 2005.

Chong said China was ready to work with APEC members for further liberalization and facilitation of trade and strengthening of economic and technological co-operation.

(China Daily 11/17/2006 page2)