Iranian oil minister says non-OPEC countries to cut oil production by 600,000 barrelsBusiness & Economy December 10, 19:42
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BEIJING, January 10 (Itar-Tass) —— China’s foreign trade turnover in 2011 made 3.64 trillion dollars, the country’s Chief Customs Department reported on Tuesday.
The report reads that against the previous year, the trade turnover grew by 22.5 percent, though the country’s trade balance in 2011 reduced by 14.5 percent to 155.14 billion dollars.
Lately, experts have been forecasting deceleration of China’s foreign trade growth in 2012, which is caused by “the complicated global economic situation.” China’s government, in its turn, stated repeatedly that the country would activate growth of its foreign trade, expand import and support balance in the foreign trade.
In 2010, china began rapid reconstruction of its foreign trade, which in 2009 due to the international financial crisis slump by 13.9 percent to 2.21 trillion dollars. Besides, from 2011 there is a clear tendency to reduce the positive balance of foreign trade due to rapid growth of import. In the first quarter of 2011, the foreign trade deficit made 1.02 billion dollars. Experts say that the tendency to reduce the positive balance of China’s foreign trade will remain for coming months.