China increases its imports and exports over the years
due to several factors. One of them is that an increase
of China's products' competitiveness that led to an
expansion of their shares in the international market.
To liberalize trade in China, the Chinese government
reduces administrative obstacles to improve its attractiveness
to the foreign investors. The government's effort
paid off with an increasein exports to countries such
as U.S., EU, Hong Kong, Japan, ASEAN and South Korea.
As the country prospers, the standard of living improved
and thus increased the amount of imports overseas
mainly from Japan, EU, South Korea, ASEAN Taiwan.
Furthermore, the amount of FDI increases every year
which allows China to utilize the funds to promote
new industries such new high-tech industries, advanced
manufacturing, and the energy conservation and environmentally
friendly sectors. Beside FDI, China is the world's
largest nation in terms of foreign current reserves.
It topped USD 1066.3 billion or USD 1 trillion for
the first time at the end of 2006.
From these sections below, you are able to find
details of about China's latest updates on its
imports and exports:
