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China's exports grow by 32.7 per cent
By Jiang Wei (China Daily)
Updated: 2005-07-13 06:12 However, the outlook for the second half of the year is not so optimistic,
said Gao Hong, an expert with the Chinese Academy of Social Sciences.
"It is because the country's textile trade with the United States and the
European Union might hit problems as the enterprises use up their quotas for the
entire year," he said.
China's trade with its major trading partners was strengthened during the
first half of this year.
The European Union is China's biggest trading partner, with its bilateral
trade volume with China growing some 23.6 per cent to US$100.1 billion in the
first half of the year.
The United States and Japan take second and third place with trade volumes of
US$96.3 billion and US$86.5 billion respectively.
The Association of Southeast Asian Nations (ASEAN), with whom China has
adopted measures to facilitate the flow of trade of agriculture products under a
free trade agreement (FTA) between the two sides, remains China's fourth biggest
trade partner.
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