China will increase its total volume of trade in goods and
services to US$2.3 trillion and US$400 billion respectively by the
year 2010, according to an official document Monday.
Efforts must be made to enable China "participate in
international economic and technological cooperation and
competition in a larger and more profound way," read the Guidelines
for the 11th Five-Year Plan for National Economic and Social
Development (2006-2010), which are being discussed at the annual
full session of the 10th National People's Congress (NPC).
China's import and export volume totaled US$1.42 trillion in
2005, registering a 23.2 percent year-on-year increase. Total
foreign direct investment actually used reached US$60.3 billion,
and the country's foreign exchange reserves totaled US$818.9
billion at the end of 2005, Chinese Premier Wen Jiabao said when
delivering a report on the government work at the opening of the
annual session of the NPC on Sunday.
The total import and export volume tripled over the past five
years, and the amount of foreign direct investment actually used
came to US$274.08 billion, Wen said.
"We must lay stress on the quality of foreign investment
utilization, and give priority to introducing advanced technologies
and managerial expertise and special talented people by way of
using foreign investment," says the document.
(Xinhua News Agency March 7, 2006)
